GLEIF Releases LEI Data Quality Report and GLEIS Business Report
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 showed improvement in comprehensiveness criteria and deterioration in accuracy. This report also showed that fewer LEI issuers reached the required data quality (84%). Data quality measures related to the direct and ultimate parent data collection continued to increase.
The quarterly Global LEI System Business Report, which was published in January 2020, analyzes developments observed in the fourth quarter of 2019. At the end of the fourth quarter of 2019, the total LEI population was nearly 1.5 million. Over 60,000 LEIs were issued during this quarter, compared to approximately 41,000 in the previous quarter. This represents a quarterly growth rate of 4.2% as compared to 2.9% in the previous quarter.
The quarterly report also shows that China featured the highest quarterly LEI growth rate at a jurisdiction level (122.5%), followed by Turkey (13.9%), India (10.2%), Mauritius (9.8%), and Estonia (9.1%). Growth in China and India can be primarily attributed to regulatory initiatives mandating the use of LEI. The growth in Turkey is driven by the International Securities Identification Numbers (ISIN)-LEI mapping project, which mandates the use of the LEI among all issuers. In Estonia, growth may be attributed to the country-wide promotion of a digital society campaign and the recent local market activity.
Related Links
- Notification on Data Quality Report
- Data Quality Report (PDF)
- Notification on GLEIS Business Report
- GLEIS Business Report (PDF)
Keywords: International, Banking, Securities, Insurance, Reporting, GLEIS, LEI Adoption, LEI
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
David Fihrer
Skilled life insurance actuary; subject matter expert on IFRS 17 and source of earnings
Related Articles
EU Agencies Update LCR Rule and Macro-Prudential Policy Recommendation
The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).
EBA Publishes Regulatory Standards to Identify Shadow Banking Entities
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.
EIOPA Examines Physical Climate Risk Exposure, SII Non-Compliance
The European Insurance and Occupational Pensions Authority (EIOPA) published a report assessing insurers' exposure to physical climate change risks
NGFS Report Explores Quantification of Climate Risk Differentials
The Network for Greening the Financial System (NGFS) published two reports to aid central banks and regulators in their oversight of the financial sector and in their central bank operations
EC Publishes Results on Review of Web Accessibility Directive
The European Commission (EC) published the results of a public consultation, held in October 2021, on the review of the Web Accessibility Directive.
MAS Consults on Adjustment Spreads for Conversion of SOR Contracts
The Monetary Authority of Singapore (MAS) and the SC-STS are jointly consulting, until June 10, 2022, on setting adjustment spreads for the conversion of legacy SOR contracts to SORA reference rate.
OSFI Discusses Benchmark Rate Transition, Sets Out Work Priorities
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
EBA Proposes Standards to Support Secondary NPL Markets
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
EBA Issues Standards for Crowdfunding Service Providers Under ECSPR
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.
