GLEIF Issues LEI Data Quality Report and GLEIS Business Report
GLEIF published the latest quarterly Global LEI System (GLEIS) Business Report, which highlights main trends relevant to the adoption of LEI and provides in-depth analysis of the LEI data pool. Additionally, GLEIF published the monthly Global Legal Entity Identifier (LEI) data quality report for August 2019, which analyzes the overall data quality in the Global LEI System. The assessment performed on August 31, 2019 shows that the Total Data Quality Score remains stable above 99% and the percentage of LEI issuers publishing their full portfolio at the required quality level remains stable above 80%. Furthermore, the number of LEI issuers demonstrating expected or excellent data quality increased slightly compared to the last reporting period.
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 second quarter of 2019, the total LEI population exceeded 1.4 million. Approximately 47,000 LEIs were issued in the second quarter of 2019, compared to approximately 53,000 in the first quarter of 2019. This represents a quarterly growth rate of 3.4% in the second quarter (previous quarter: 4.1%). 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 second quarter of 2019, Italy, the Netherlands, Spain, Finland, and Czech Republic were the five least competitive markets in descending order. Lithuania, Romania, Portugal, Malta, and Bulgaria were the five most competitive markets in descending order.
The GLEIS business report also showed that Mauritius saw the highest LEI growth rate at a jurisdiction level (37.2%) in the second quarter of 2019. It was followed by China (36.2%), India (17.6%), Australia (13.2%), and Turkey (10.4%), where growth can primarily be attributed to regulatory initiatives mandating the use of the LEI. Additionally, during the reporting period, the highest renewal rates were demonstrated by Finland (93.3%), India (92.9%), Japan (92.2%), Liechtenstein (91%), and Norway (84.8%). Brazil (54.5%), the United States (54.1%), the Russian Federation (48.3%), the United Kingdom (46.7%), and South Africa (45.7%) were the top five jurisdictions demonstrating the highest non-renewal rates.
Related Links
- Notification on Data Quality Report
- Notification on GLEIS Business Report
- Data Quality Report (PDF)
- GLEIS Business Report (PDF)
Keywords: International, Banking, Securities, Data Quality, Reporting, GLEIS, LEI, 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.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
FSB Consults on Solvent Wind-Down of Trading Portfolios of G-SIBsRelated Articles
APRA Decides to Standardize Submission Date for Quarterly Reporting
APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.
EBA Publishes Phase 1 of Reporting Framework 3.1
EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).
UK Government to Set Out Rules on Wind-down of Critical Benchmarks
HM Treasury notified that, after considering all responses, the government intends to bring forward further legislation, when the Parliamentary time allows, to address issues identified in the consultation on supporting the wind-down of critical benchmarks.
EIOPA Launches Stress Test for Insurance Sector in EU
EIOPA launched the 2021 stress test for the insurance sector in EU.
UK Authorities Publish Third Edition of Regulatory Initiatives Grid
UK authorities jointly published the third edition of Regulatory Initiatives Grid setting out the planned regulatory initiatives for the next 24 months.
EC Consults on Regulation on Non-Financial Sustainability Disclosures
EC is requesting feedback on the proposed Commission Delegated Regulation on the content, methodology, and presentation of information that large financial and non-financial undertakings should disclose about their environmentally sustainable economic activities under the Taxonomy Regulation.
OSFI Outlines Prudential Policy Priorities for Coming Months
OSFI has set out the near-term priorities for federally regulated financial institutions and federally regulated private pension plans for the coming months until March 31, 2022.
BIS Announces TechSprint on Innovative Green Finance Solutions
Under the Italian G20 Presidency, BIS Innovation Hub and the Italian central bank BDI launched the second edition of the G20 TechSprint on the lookout for innovative solutions to resolve operational problems in green and sustainable finance.
ACPR Publishes Version 1.0.0 of RUBA Taxonomy
ACPR published Version 1.0.0 of the RUBA taxonomy, which will come into force from the decree of January 31, 2022.
EBA Proposed Regulatory Standards for Central Database on AML/CFT
EBA proposed the regulatory technical standards on a central database on anti-money laundering and countering the financing of terrorism (AML/CFT) in EU.
