Featured Product

    GLEIF Publishes LEI Data Quality Report and GLEIS Business Report

    December 06, 2019

    GLEIF published the latest quarterly Global Legal Entity Identifier (LEI) System Business Report, which highlights main trends relevant to the adoption of LEI and provides an in-depth analysis of the LEI data pool. Additionally, GLEIF published the monthly global LEI data quality report, which analyzes the overall data quality in the Global LEI System, also known as GLEIS. The data quality report shows that 93% of the LEI issuers reach the required data quality and this is the best performance in this category so far for 2019. The remaining data-quality check failures are mostly related to direct and ultimate parent information.

    The quarterly Global LEI System Business Report analyzes developments observed in the third quarter of 2019. 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 third quarter of 2019, the total LEI population exceeded 1.44 million. Approximately 41,000 LEIs were issued in this period. This represents a quarterly growth rate of 2.9% in the third quarter. 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 third quarter of 2019, Italy, the Netherlands, Spain, Finland, and the Czech Republic were the five least competitive markets in descending order. The five most competitive, also in descending order, were Romania, Lithuania, Portugal, Malta, and Bulgaria.

    The report shows that China saw the highest LEI growth rate at the jurisdiction level (29.4%), followed by India (10.6%), Australia (7.7%), South Africa (7.6%), and Estonia (5.6%). Growth in China, India, and Australia can primarily be attributed to regulatory initiatives mandating the use of LEI. In the third quarter of 2019, the overall renewal rate of 70% remained essentially unchanged compared to the previous quarter (70.3%). At the end of the third quarter, 72.1% of all LEIs were in good standing (last quarter: 73.1%).

    Related Links

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

    Featured Experts
    Related Articles

    EBA Launches Stress Tests for Banks, Issues Other Updates

    The European Banking Authority (EBA) launched the 2023 European Union (EU)-wide stress test, published annual reports on minimum requirement for own funds and eligible liabilities (MREL) and high earners with data as of December 2021.

    January 31, 2023 WebPage Regulatory News

    EBA Proposes Standards for IRRBB Reporting Under Basel Framework

    The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.

    January 31, 2023 WebPage Regulatory News

    FED Issues Further Details on Pilot Climate Scenario Analysis Exercise

    The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.

    January 17, 2023 WebPage Regulatory News

    US Agencies Issue Several Regulatory and Reporting Updates

    The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.

    January 04, 2023 WebPage Regulatory News

    ECB Issues Multiple Reports and Regulatory Updates for Banks

    The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.

    January 01, 2023 WebPage Regulatory News

    HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements

    The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.

    December 30, 2022 WebPage Regulatory News

    EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR

    The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.

    December 29, 2022 WebPage Regulatory News

    CBIRC Revises Measures on Corporate Governance Supervision

    The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.

    December 29, 2022 WebPage Regulatory News

    HKMA Publications Address Sustainability Issues in Financial Sector

    The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.

    December 23, 2022 WebPage Regulatory News

    EBA Updates Address Basel and NPL Requirements for Banks

    The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.

    December 22, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8700