LEIs Assigned to Large Fund Families
Funds of various types make up a large percentage of entities that have been assigned an LEI. The chart above highlights the number of registered funds of several large global fund families.
EBA Entities that have been Assigned an LEI
In January the European Banking Association (EBA) issued a recommendation that LEIs be used as identification codes for supervisory purposes for every credit and financial institution in the European Union. In May about 40% of EBA entities had been assigned an LEI; that percentage has increased to 51% in our recent analysis of the LEI data.
LEI Entities Domiciled in a High Financial Secrecy Index Country
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Launched last year, the Financial Secrecy Index ranks jurisdictions according to their secrecy and the scale of their activities. A politically neutral ranking, it is a tool for understanding global financial secrecy, tax havens or secrecy jurisdictions, and illicit financial flows. About half of all the LEIs registered are for entities that are domiciled in a top 10 FSI country. http://www.financialsecrecyindex.com/
LEI Registrations in the G20
Although it’s been over 2 years since the G20 leadership endorsed the Financial Stability Board’s (FSB) recommendation about the LEI, adoption among most G-20 nations has been modest.
Percentage of BICs Assigned an LEI
There are about 34,000 top-level BIC entities. Of those about 5,956 have been assigned an LEI, representing 17%. This is a significant increase from 6 months ago, when only about 3% of top-level BIC entities had been assigned an LEI.
Top 10 Legal Forms for GMEI Registered Entities
The GMEI utility, which has assigned about half the total LEIs, allows a registrant to submit its legal form during the registration process. Currently over 200 different legal forms have been submitted, but the most common legal form, making up about one-third of the total, is “Other.”
Percentage of Rated Entities Assigned an LEI
The rated universe Alacra covers includes those entities/issuers rated by A.M. Best, Moody’s, S&P and Fitch. This totals around 70,000 entities globally. About 15% of these entities have been assigned an LEI, a 1% increase from May of this year.
Percentage of Regulated Entities Assigned an LEI
Alacra tracks the regulatory status of legal entities around the world. We monitor over 50 global regulators that are currently regulating about 85,000 entities. More regulatory mandates are required for the LEI to become more useful.
Top 10 Registration Domiciles for LEIs
The United States continues to be the country with the largest number of LEI entities. The top 4 countries—the US, Germany, Italy and France—are the domicile for over 50% of the entities that have received an LEI.
Percentage of LEI Entities that are Either Funds, Trusts, or SPVs
Similar to our analysis six months ago, about 22% of all the entities that have been assigned an LEI are either a fund, a trust, or an SPV.
When we last published Inside the LEI in May there were 13 pre-Local Operating Units (LOUs) and about 237,000 entities that had been assigned an LEI. Six months later, there are 19 pre-LOUs and over 311,000 entities have been assigned an LEI. That’s an increase in entities covered of 37%.
Our analysis in the spring highlighted the fact that many entities that should have an LEI did not, and that many entit
We are excited to announce that Alacra was awarded the Best Entity Data Solution for EMIR/Dodd-Frank at A-Team Group’s Data Management Summit yesterday in London. London Managing Director Don Roll, who spoke at the event, was there to accept the award with the Alacra Team.
Alacra’s Legal Entity Directory and comprehensive entity identifier map helps clients meet a range of regulatory requirements an
In October 2013, the Office of the Comptroller of the Currency (OCC), the U.S. regulator of national banks, issued Bulletin 2013-29–guidance for assessing and managing risks associated with third-party relationships. The OCC defines a third-party relationship as “any business arrangement between a bank and another entity, by contract or otherwise.” This bulletin rescinded earlier guidance and supplemented
Barbara Keller, CAMS, CFCS, and former Deputy Associate Director for Compliance and Enforcement for FinCEN, has written a new Alacra Compliance Primer which details the evolution of several of the most significant cases of U.S. sanctions violation cases, some of which also included penalties for AML violations. Recent actions have been taken primarily against foreign banks with U.S. affiliates. Download your copy