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.
- Notification on Data Quality Report
- Notification on GLEIS Business Report
- Data Quality Report (PDF)
- GLEIS Business Report (PDF)
Keywords: International, Banking, Securities, Data Quality, Reporting, GLEIS, LEI, GLEIF
Previous ArticleFSB Consults on Solvent Wind-Down of Trading Portfolios of G-SIBs
EBA published an erratum for the technical package on phase 2 of the reporting framework 3.0.
MAS amended Notice 643A that addresses requirements for banks to prepare statements of exposures and credit facilities to related concerns or parties.
ECB has published, in the Official Journal of the European Union, the Guideline 2021/565 on the euro short-term rate (€STR) and this guideline amends the previous ECB Guideline 2019/1265.
EBA launched a consultation on the draft regulatory technical standards on the list of countries with an advanced economy for calculating the equity risk under the alternative standardized approach (FRTB-SA).
PRA is proposing, via CP7/21, the approach to implementing new requirements related to the specification of the nature, severity, and duration of an economic downturn in the internal ratings-based (IRB) approach to credit risk.
The UK government launched the Recovery Loan Scheme (RLS) as part of its continued COVID-19 support for UK businesses, as announced by HM Treasury on March 03, 2021.
FSB published a letter, from its Chair Randal K. Quarles, to the G20 Finance Ministers and Central Bank Governors, ahead of their virtual meeting on April 07, 2021.
OSFI issued a letter to the deposit-taking institutions issuing covered bonds and announced the unwinding of the temporary increase to the covered bond limit for deposit-taking institutions, effective immediately.
To support recovery from the COVID-19 crisis, EU has published two regulations to amend the securitization framework, as set out in the Securitization Regulation (2017/2402) and the Capital Requirements Regulation or CRR (575/2013).
HM Treasury announced that G7 Finance Ministers and Central Bank Governors met ahead of COP 26, the 2021 UN Climate Change Conference, and agreed on green agenda.