Data from the Global LEI System Business Reports provide a clear view of LEI adoption in 2020
Author: Stephan Wolf
As part of the Global LEI Foundation’s (GLEIF) commitment to transparency, we consistently publish the latest data for Legal Entity Identifier (LEI) adoption in our quarterly Global LEI System Business Report, using the Global LEI Index as the source. These reports are available to everyone, free of charge and support our commitment to providing open, unrestricted access to LEI data on a global scale.
The Q4 2020 report reveals exciting progress on LEI adoption with the addition of 62,000 new LEIs - an increase of 14,000 from the previous quarter. It also coincides with the end of 2020, enabling us to share a review of LEI activity for the year overall.
For easy reference, the below infographic contains the key statistics from 2020, as well as the quarterly breakdown for Q4 2020. With 1.71 million LEIs now in place, we are starting 2021 with strong foundations as we continue to advocate for broader LEI adoption to enable greater transparency for governments and industries around the world.
As we continue to look for new ways to enable greater insights from LEI data, we have recently updated the Global LEI System Statistics Dashboard which contains detailed information on the total and active number of LEIs issued. This feature now enables any user to review historical data by geography, increasing transparency on the overall progress of the LEI.
Look out for future updates of the Global LEI System Business Report to discover:
The state of play of LEI issuance and LEI growth potential.
The level of competition between LEI issuing organizations in the Global LEI System.
LEI renewal rates.
Percentage of Level 1 reference data corroboration. (Level 1 data provides the answer to the question of ‘who is who’).
Statistics on Level 2 data, i.e. the reporting of parent information by legal entities. (Level 2 data provides the answer to the question of ‘who owns whom’).
For further detail, or to access historical data, please visit the Global LEI System Business Report Archive. We look forward to sharing our progress as we continue to drive LEI adoption in 2021.
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Stephan Wolf is the CEO of the Global Legal Entity Identifier Foundation (GLEIF). Since January 2017, Mr. Wolf is Co-convener of the International Organization for Standardization Technical Committee 68 FinTech Technical Advisory Group (ISO TC 68 FinTech TAG). In January 2017, Mr. Wolf was named one of the Top 100 Leaders in Identity by One World Identity. He has extensive experience in establishing data operations and global implementation strategy. He has led the advancement of key business and product development strategies throughout his career. Mr. Wolf co-founded IS Innovative Software GmbH in 1989 and served first as its managing director. He was later named spokesman of the executive board of its successor IS.Teledata AG. This company ultimately became part of Interactive Data Corporation where Mr. Wolf held the role of CTO.