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
    News

    EBA Sets Out Roadmap for 2023, Updates Reporting Framework 3.2

    The European Banking Authority (EBA) published its work program for 2023 as well as the technical package for phase 3 of version 3.2 of its reporting framework.

    September 30, 2022 WebPage Regulatory News
    News

    FED Announces Launch of Climate Scenario Analysis Exercise in 2023

    The Board of Governors of the Federal Reserve System (FED) announced a pilot climate scenario analysis exercise for six largest banks in the U.S.

    September 29, 2022 WebPage Regulatory News
    News

    BIS Paper Studies Impact of Fintech Lending on Small Businesses in US

    The Bank for International Settlements (BIS) published a paper that studies impact of fintech lending on credit access for small businesses in U.S.

    September 26, 2022 WebPage Regulatory News
    News

    UK Regulators Issue CRR Changes and Stress Test Scenarios for Banks

    The Prudential Regulation Authority (PRA) issued the policy statement PS8/22 to amend the Own Funds and Eligible Liabilities (CRR) Part of the PRA Rulebook and update the supervisory statement SS7/13 titled "Definition of capital (CRR firms).

    September 26, 2022 WebPage Regulatory News
    News

    EBA Launches EU-Wide Transparency Exercise in 2022

    The European Banking Authority (EBA) launched the EU-wide transparency exercise for 2022, with results of the exercise expected to be published at the beginning of December, along with the annual Risk Assessment Report.

    September 23, 2022 WebPage Regulatory News
    News

    SRB on CRR Quick-Fix to Policy for Multiple Point of Entry Banks

    The Single Resolution Board (SRB) welcomed the adoption of the review of the Capital Requirements Regulation, or CRR, also known as the "CRR quick-fix."

    September 22, 2022 WebPage Regulatory News
    News

    EC Rule Lists Advanced Economies for Market Risk Capital Calculations

    The European Commission (EC) recently adopted the Delegated Regulation 2022/1622, which sets out the regulatory technical standards to specify the countries that constitute advanced economies for the purpose of specifying risk-weights for the sensitivities to equity.

    September 21, 2022 WebPage Regulatory News
    News

    EBA Publishes Final Regulatory Standards on STS Securitizations

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.

    September 20, 2022 WebPage Regulatory News
    News

    ECB Further Reviews Costs and Benefits Associated with IReF

    The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.

    September 15, 2022 WebPage Regulatory News
    News

    EBA Publishes Funding Plans Report, Receives EMAS Certification

    The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).

    September 15, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8523