The LOUs continue to issue around 20,000 LEIs a quarter, taking the total number of LEIs assigned to around 385,000. This growth continues to be driven by a small number of LOUs with over 80% of the LEIs have been issued by only 4 LOUs – GMEI (US), WM Datenservice (Germany), London Stock Exchange (UK) […]
Currently, more than 360,000 entities have been assigned an LEI. Over 25,000 of those have been newly assigned since our last review in March 2015. Alacra’s current analysis indicates that, while the number of registered entities has increased, quality and utility issues within the database have increased as well. At this point, over 70,000 of […]
Like our popular “Inside the LEI” series, Alacra’s latest Reference Data Alert goes “Inside the GIIN” to detail this identifier and the universe it covers.
The GIIN or Global Intermediary Identifier Number is issued by the IRS to foreign financial institutions (FFIs) as part of the […]
Like our popular “Inside the LEI” series, Alacra’s latest Reference Data Alert goes”Inside the GIIN” to detail this identifier and the universe it covers.
The GIIN or Global Intermediary Identifier Number is issued by the IRS to foreign financial institutions (FFIs) as part of the Foreign Account Tax Compliance Act (FATCA). The goal of FATCA is […]
Whatever interest there has been in the Legal Entity Identifier, according to Google Trends,has been in US. #LEI pic.twitter.com/OQYkDf6tGs
— Steve Goldstein (@alacra1) April 8, 2015
According to Google Trends, interest in the Legal Entity Identifier has plummeted. #LEI pic.twitter.com/zk8VEVXdcG
— Steve Goldstein (@alacra1) April 8, 2015
None of the benefits that could be gleaned from the establishment of the Legal Entity Identifier have been realized and there is no evidence that the status quo will change anytime soon. To jumpstart the adoption and usefulness of the LEI, regulators must mandate the world’s largest financial institutions register or pay them to comply.
Recently, […]
Last week the Federal Reserve put out a press release announcing a proposal that would seem to mandate the use of LEIs on certain regulatory reporting forms:
The Federal Reserve Board on Monday announced a proposal that would require banking organizations to include their existing Legal Entity Identifiers (LEIs) on certain regulatory […]
None of the benefits that could be gleaned from the establishment of the Legal Entity Identifier has been realized, and there is no evidence that the status quo will change anytime soon. To jumpstart the adoption and usefulness of the LEI, regulators either must mandate the world’s largest financial institutions register or pay them to comply.
Recently, the Global Legal […]
Recent conversations with executives close to the GLEIF (Global Legal Entity Identification Foundation) revealed an underlying conflict in the creation of the LEI database. The LEI registration process and data collection activities are being optimized for three constituencies: the regulators, the registrants, and the Local Operating Units (LOUs). However, a fourth constituency, equal in importance to the other […]