Contrary to the American proposal for a centralized LEI program, a decentralized model with self registration will ensure a high degree of accuracy, said Grody.
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The G20 has made adoption of a Legal Entity Identifier (LEI) a priority with standards and a structure to regulate it set for March 2013.
FORBES: Financial LEI's -- Required To Reduce Operational Risk
For this to be realized it is essential that the LEI is further developed at an international forum in which the institutional arrangements for issuing and maintaining identifiers and associated reference data and the desired characteristics for a LEI are discussed and agreed upon, including its mandatory use.
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The CFTC for a time appeared to be using the same model for an identifier it required for swaps, but then backed away and said it would wait for the global development of an LEI and call its identifier the CFTC Interim Compliant Identifier (CICI) a sort of LEI Lite which will convert or yield to the LEI standard once it is adopted.
FORBES: Financial LEI's -- Required To Reduce Operational Risk
When upstart smartphone company Xiaomi launched a mobile-chat service in 2010, Chief Executive Lei Jun told a conference in May, it expected Tencent to take a while to launch a rival service.
More on this in a panel on the LEI in Asia at Sibos, 9:30 a.m.
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"The anti-missile issue has a direct bearing on global and regional balance and stability, " Chinese Foreign Ministry spokesman Hong Lei said at a daily news briefing.
In Beijing, Chinese Foreign Ministry spokesman Hong Lei reiterated a call for calm on all sides.
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The chart of the LEI shows a very nice uptrend from the 2008 lows.
The LEI has a good record of forecasting recessions, and the latest readings show a continued pattern of economic growth.
Foreign ministry spokesman Hong Lei told a daily news conference that "joint efforts" should be made to turn around a "tense situation".
In Beijing, Chinese Foreign Ministry spokesman Hong Lei told a daily news briefing that "joint efforts" should be made to turn around a "tense situation".
During a recent company presentation, Xiaomi Technology founder Lei Jun reportedly wore jeans and a black top, emulating the style of Apple co-founder Steve Jobs.
But the two companies share a common angel investor, Lei Jun, the billionaire CEO of Xiaomi, a smartphone manufacturer.
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The LEI is just a simple code but provides the first step of identification, she added.
His cofounder is Lei Jun, a prominent investor who is also founder of mobile phone startup Xiaomi.
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Dr Schultz and Lei Wang, a researcher at Scripps who works with him, have made progress down this path.
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The memorial was designed by Master Lei Yixin, a Chinese sculptor, and overseen by an American architect, Ed Jackson.
China Foreign Ministry spokesman Hong Lei said at a daily news briefing that China has "expressed our regret" over Pyongyang's declaration.
The LEI would provide a unique identification tag for every financial services entity and perhaps extend to the financial instruments they issue.
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Are financial institutions are in favor of implementing an LEI regimen in a time of lower power profits and a host of expensive new regulatory requirements?
FORBES: Financial LEI's -- Required To Reduce Operational Risk
"China strongly urges that both sides retain calm and restrain, and engage in talks as quickly as possible in order to prevent similar incidents from happening again, " Chinese Foreign Ministry spokesman Hong Lei said in a statement.
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Particularly favored are deals that have earlier angel financing say from a big name like Lei Jun.
Does the financial industry wants to have a repetition with the LEI?
China has been the victim of cyberattacks and "has laws and regulations prohibiting such actions, " the spokesman, Hong Lei, said at a regular news briefing.
Fourteen years (from 1987 to 2001) in the life of Yu Hong (Lei Hao), a soulful girl who leaves the provinces, goes to university in Beijing, and carries on a passionate affair with a handsome student, Zhou Wei (Guo Xiaodong), and many other men.
Later on, successful buyers can simply swap their engineering units in for a final version of the 16GB or 32GB Xiaomi Phone 2 -- the latter a new addition that co-founder Lei Jun announced on Sina Weibo last Saturday (where he also cheekily asked if anyone need a 64GB flavor).
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