Global regulators operating under directives from the G20 are looking for something like the Internet ICANN registrationmodel based on public code with free access.
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.
"If you attempt to impose ... a credit card and registrationmodel ... there will be a substantial loss of readership, " said David Sobel, general counsel for the Electronic Privacy Information Center, describing part of the plaintiffs' strategy.