GLEIF Issues Monthly Global LEI Data Quality Report for October 2019
GLEIF published the monthly Global Legal Entity Identifier (LEI) data quality report for October 2019. The report analyzes the overall data quality in the Global LEI System. This edition of the report shows that fewer LEI Issuers achieved maturity level 1 (Required Quality) for their complete managed data. Compared to the same reporting period in 2018, the absolute number of data quality check failures reduced from 41,000 to less than 11,000. The overall performance improved, in particular, with regard to the quality criteria "accuracy" and "completeness."
The Data Quality criteria is expected to contain 12 dimensions. At present, a subset of 11 criteria is implemented, to the detriment of the score, as they are averaged on all of them. This is expected to change, on a non-fixed timeline, to include all 12 dimensions. The report covers the following factors:
- The LEI Total Data Quality Score for the reporting period.
- Progress achieved with regard to the continuous optimization of the data quality within the Global LEI System, based on the LEI Total Data Quality Score.
- The Total Data Quality Score per country achieved in the reporting period.
- Results of GLEIF checks of the LEI data records against implemented quality criteria—that is, the percentage of records that successfully passed the tests.
- The percentage of LEI data records, which meet the requirements of distinct quality maturity levels.
- Information on "Level 2" data, duplicates and challenges for the reporting period.
- The section "Top 5 Failing Checks" identifying data quality checks performed by GLEIF that trigger the highest number of LEI records that fail these checks. In the report, the type of data quality check is indicated with a number.
Related Links
Keywords: International, Banking, Insurance, Securities, LEI, GLEIS, Data Quality, Reporting, GLEIF
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
Previous Article
SRB Statement on Court Judgments on SRF Contributions of Three BanksRelated Articles
ESAs Issue Multiple Regulatory Updates for Financial Sector Entities
The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
EBA Finalizes Methodology for Stress Tests, Issues Other Updates
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
OSFI Sets Out Work Priorities and Reporting Updates for Banks
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
APRA Finalizes Changes to Capital Framework, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
BIS Hub and Central Banks Conduct CBDC and DeFI Pilots
The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.
ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations
The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.
ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector
Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)
EC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation
The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)
