Featured Product

    GLEIF Issues LEI Data Quality Report and GLEIS Business Report

    September 06, 2019

    GLEIF published the latest quarterly Global LEI System (GLEIS) Business Report, which highlights main trends relevant to the adoption of LEI and provides in-depth analysis of the LEI data pool. Additionally, GLEIF published the monthly Global Legal Entity Identifier (LEI) data quality report for August 2019, which analyzes the overall data quality in the Global LEI System. The assessment performed on August 31, 2019 shows that the Total Data Quality Score remains stable above 99% and the percentage of LEI issuers publishing their full portfolio at the required quality level remains stable above 80%. Furthermore, the number of LEI issuers demonstrating expected or excellent data quality increased slightly compared to the last reporting period.

    The business report on global LEI system assesses annual growth and renewal expectations, evaluates the level of competition among the LEI-issuing organizations operating in the global LEI system, and analyzes LEI renewal rates and reference data corroboration. At the end of the second quarter of 2019, the total LEI population exceeded 1.4 million. Approximately 47,000 LEIs were issued in the second quarter of 2019, compared to approximately 53,000 in the first quarter of 2019. This represents a quarterly growth rate of 3.4% in the second quarter (previous quarter: 4.1%). The report identifies the least and most competitive markets of those with more than 1,000 LEIs, based on the number of LEI issuers providing services in the jurisdiction. In the second quarter of 2019, Italy, the Netherlands, Spain, Finland, and Czech Republic were the five least competitive markets in descending order. Lithuania, Romania, Portugal, Malta, and Bulgaria were the five most competitive markets in descending order. 

    The GLEIS business report also showed that Mauritius saw the highest LEI growth rate at a jurisdiction level (37.2%) in the second quarter of 2019. It was followed by China (36.2%), India (17.6%), Australia (13.2%), and Turkey (10.4%), where growth can primarily be attributed to regulatory initiatives mandating the use of the LEI. Additionally, during the reporting period, the highest renewal rates were demonstrated by Finland (93.3%), India (92.9%), Japan (92.2%), Liechtenstein (91%), and Norway (84.8%). Brazil (54.5%), the United States (54.1%), the Russian Federation (48.3%), the United Kingdom (46.7%), and South Africa (45.7%) were the top five jurisdictions demonstrating the highest non-renewal rates. 

     

    Related Links

    Keywords: International, Banking, Securities, Data Quality, Reporting, GLEIS, LEI, GLEIF

    Featured Experts
    Related Articles
    News

    FASB Proposes Taxonomy Changes Related to Topics 848 and 470

    FASB proposed taxonomy improvements for the proposed Accounting Standards Update on topic 848 on facilitation of effects of reference rate reform on financial reporting.

    September 16, 2019 WebPage Regulatory News
    News

    BoE Statement on Recalculating Transitional Measures Under Solvency II

    BoE notified that it will be willing to accept applications from firms to recalculate transitional measure on technical provisions (TMTP) as at September 30, 2019.

    September 16, 2019 WebPage Regulatory News
    News

    BoE Paper on Market-Implied Systemic Risk and Shadow Capital Adequacy

    BoE published a working paper that presents a forward-looking approach to measure systemic solvency risk.

    September 13, 2019 WebPage Regulatory News
    News

    HKMA Consults on Policy Module on Pillar 2 Supervisory Review Process

    HKMA is consulting on the revised Supervisory Policy Manual module CA-G-5 that sets out the HKMA approach to conducting the supervisory review process under Pillar 2.

    September 13, 2019 WebPage Regulatory News
    News

    PRA Publishes Waiver by Consent of Continuity of Access Rules

    PRA published a new waiver by consent to waive the Continuity of Access requirements contained in the Depositor Protection Part of the PRA Rulebook (DPP).

    September 13, 2019 WebPage Regulatory News
    News

    EBA Single Rulebook Q&A: Second Update for September 2019

    EBA updated the Single Rulebook question and answer (Q&A) tool with answers to three questions.

    September 13, 2019 WebPage Regulatory News
    News

    PRA Revises Branch Return and Updates Guidance for Regulatory Reports

    PRA published the policy statement PS17/19, which contains the final policy related to changes in the format and content of the Branch Return Form and reporting guidance.

    September 12, 2019 WebPage Regulatory News
    News

    ISDA Guide on Collateral Management Under Smart Derivatives Contracts

    ISDA published the third in a series of legal guidelines for smart derivatives contracts.

    September 12, 2019 WebPage Regulatory News
    News

    ESA Report Highlights Risks of No-Deal Brexit in EU Financial System

    ESAs published a Joint Committee report on risks and vulnerabilities in the EU financial system.

    September 12, 2019 WebPage Regulatory News
    News

    ECB Modifies New Targeted Longer-Term Refinancing Operations

    The Governing Council of ECB decided to modify some of the key parameters of the third series of targeted longer-term refinancing operations (TLTRO III) to preserve favorable bank lending conditions (Decision (EU) 2019/1558).

    September 12, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3820