Development of an LEI has threatened to become a bit of a muddle.
FORBES: Financial LEI's -- Required To Reduce Operational Risk
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
Perhaps making a pointed reminder to European regulators that they need to get moving, the OFR press release noted that the Dodd-Frank legislation created the OFR to develop an LEI.
FORBES: Legal Entity Identifier (LEI) ID Code for Banks and Subs Delayed Until 2012
V, has circulated a letter agreeing with most key points of the OFR proposal such as the need for an LEI, global coverage and the ability to use LEIs without charge and points to the advantages for the industry.
FORBES: Global Financial Regulation -- The LEI Looks All-American
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
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.
FORBES: Global Financial Regulation -- The LEI Looks All-American
On Thursday, it was the turn of Netease, an online gaming company run by William Lei Ding.
FORBES: Divergent Quarters For Chinese IT Billionaires As Gaming Trumps Search
The memorial was designed by Master Lei Yixin, a Chinese sculptor, and overseen by an American architect, Ed Jackson.
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