GLEIF Issues Global LEI System Business Report in November 2018
GLEIF published the latest quarterly Global LEI (Legal Entity Identifier) System Business Report, which highlights key developments relevant to the adoption of LEI. The report 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.
Since July 2017, as part of this report, GLEIF also delivers statistics on direct and ultimate parent information provided by legal entities. This Global LEI System Business Report analyzes developments observed in the third quarter of 2018. The report provides information related to the following:
- State of play of LEI issuance and LEI growth potential
- Competition in the Global LEI System
- LEI renewal rates
- Level 1 reference data corroboration
- Statistics on the reporting of parent information by legal entities
The report finds that approximately 56,800 LEIs were issued in the third quarter of 2018 compared to approximately 71,300 in the second quarter; this represents a quarterly growth rate of 4.8% in the third quarter (second quarter: 6.3%). 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 country. In the third quarter of 2018, Italy, Spain, the Netherlands, the U.S., and Finland remained among the five least competitive markets in descending order. Romania, Lithuania, Portugal, Bulgaria, and Malta were among the five most competitive markets in descending order. Additionally, during the reporting period, the highest renewal rates were demonstrated by Japan (90.4%), Finland (89.5%), India (87.6%), Liechtenstein (87%), and Norway (82.7%).
Related Links
Keywords: International, Securities, LEI, GLEIS, Business Report, Reporting, GLEIF
Previous Article
GAO Report Examines Regulatory Challenges Associated with InsurtechRelated Articles
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.