Note that the OFR promises to consult and provide everyone an opportunity to talk, but it does not pledge to wait indefinitely for them to arrive at a decision.
The OFR will continue to consult with these organizations and other members of the private sector to make sure that all stakeholders have adequate opportunity to inform future decisions.
The Office of Financial Regulation (OFR) in the U.S. has turned the process of developing requirements and short-listing a vendor over to SIFMA before the regulatory requirements have been agreed.
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.
By Friday SIFMA should have a recommendation for the Office of Financial Research (OFR) on who should be in charge of Legal Entity Identifiers (LEI), the first step toward improving global regulation.
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.
And read up on all the latest designers at OFr, a bookshop and gallery with a vast selection of magazines and books on design, fashion and photography -- a guaranteed well of inspiration to fill your suitcase for the journey home.