FSB presses forward with legal entity identifiers
The Financial Stability Board (FSB) has released a fourth report detailing progress towards the introduction of a global system of legal entity identifiers (LEIs), revealing much work still needs to be done before the deadline in March 2013.
The latest proposals are for a system of centralised databases of unique LEIs, with 20-character alphanumeric codes assigned to each legal entity. The LEIs will be issued by local operating units (LOUs), which will have unique identification codes themselves
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