The LEI promises immense operational efficiencies to financial firms, both in their dealings with counterparties and in their internalrecord keeping, he said.
While that tip-of-the-iceberg revelation may be upsetting, those of us who are familiar with SEC internalrecord policies have long known that far more information regarding investment crimes has been systematically withheld by the SEC from the public.
Since the Budget has been formally submitted, it is important that the Executive Branch's internal deliberations regarding the various issues and options that were considered in the process leading to the President's decisions should remain a matter of internalrecord.