GLEIF Issues Monthly Global LEI Data Quality Report for October 2019
GLEIF published the monthly Global Legal Entity Identifier (LEI) data quality report for October 2019. The report analyzes the overall data quality in the Global LEI System. This edition of the report shows that fewer LEI Issuers achieved maturity level 1 (Required Quality) for their complete managed data. Compared to the same reporting period in 2018, the absolute number of data quality check failures reduced from 41,000 to less than 11,000. The overall performance improved, in particular, with regard to the quality criteria "accuracy" and "completeness."
The Data Quality criteria is expected to contain 12 dimensions. At present, a subset of 11 criteria is implemented, to the detriment of the score, as they are averaged on all of them. This is expected to change, on a non-fixed timeline, to include all 12 dimensions. The report covers the following factors:
- The LEI Total Data Quality Score for the reporting period.
- Progress achieved with regard to the continuous optimization of the data quality within the Global LEI System, based on the LEI Total Data Quality Score.
- The Total Data Quality Score per country achieved in the reporting period.
- Results of GLEIF checks of the LEI data records against implemented quality criteria—that is, the percentage of records that successfully passed the tests.
- The percentage of LEI data records, which meet the requirements of distinct quality maturity levels.
- Information on "Level 2" data, duplicates and challenges for the reporting period.
- The section "Top 5 Failing Checks" identifying data quality checks performed by GLEIF that trigger the highest number of LEI records that fail these checks. In the report, the type of data quality check is indicated with a number.
Related Links
Keywords: International, Banking, Insurance, Securities, LEI, GLEIS, Data Quality, Reporting, GLEIF
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Related Articles
EBA Analyzes Impact of Unwind Mechanism of Liquidity Coverage Ratio
EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.
ECB Outlines Views on Possible Changes to AnaCredit Rule and TLTROs
In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.
IASB Begins First Phase of Post-Implementation Review of IFRS 9
IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.
FSB Report Examines Progress in Resolvability of Systemic Institutions
FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.
EBA Benchmarks National Insolvency Frameworks Across EU
EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.
FSB Reports Assess Impact of Pandemic on Financial Stability
FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event.
RBNZ Consults on Implementation of Capital Review Changes
RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019.
IASB Announces Andreas Barckow as the New Chair from July 2021
The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021.
HKMA Consults on Capital Rules for Bank Equity Investments in Funds
HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong.
ESRB Supports Extension of Macro-Prudential Measure by Swedish FSA
ESRB published an opinion assessing the decision of Swedish Financial Supervisory Authority (FSA) to extend the application period of a stricter measure for residential mortgage lending, in accordance with Article 458 of the Capital Requirements Regulation (CRR).
