FSB Takes Another Step on LEI, But Administration Questions Linger
While the Financial Stability Board (FSB) approved a legal entity identifier (LEI) standard from the International Organization for Standardization (ISO) in much less time than most ISO standards take to get international community approval, determining which organizations will administer the standard, and how, remains unfinished business.
The FSB issued recommendations on June 8 for a three-tier structure for the global LEI system, consisting of a Regulatory Oversight Committee (ROC), a Central
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