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    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%).

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

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