In that respect, the EU is setting a good example, representing around 60% of LEIs that have been issued so far, with several regulations referencing the LEI and stipulating its use. Other jurisdictions too should make more use of the LEI, possibly through mandatory adoption in new regulations. Transparency of the OTC derivatives markets Let me now turn to the derivatives market.
It is a private sector that day after day proves its ability to compete in the world. Israel’s economy is very open to the world, and this is reflected in various ways: 1. In the current decade (2000–06) the share of exports in GDP has reached an average of about 40 percent. 2.