tailieunhanh - A Global Legal Entity Identifier for Financial Markets

The global financial crisis has brought home an important point: the United States is still a major center of the financial world. Regional financial crises (such as the Asian financial crisis, Japan’s banking crisis, or the Latin American debt crisis) can occur without seriously infecting the rest of the global financial system. But when the . financial system stumbles, it may bring major parts of the rest of the world down with it. 6 The reason is that the United States is the main guarantor of the international financial system, the provider of dollars widely used as currency reserves and as. | FSB FINANCIAL STABILITY BOARD 8 June 2012 A Global Legal Entity Identifier for Financial Markets Table of Contents Abbreviations Executive Key considerations and challenges to Proposals and Implementation and next Annex 1 Global LEI system Annex 2 Recommendations for the development and implementation of the global LEI Annex 3 Global LEI System High Level Annex 4 Initial elements for inclusion in a Charter for the global LEI Regulatory Oversight Committee ROC .19 A Global Legal Entity Identifier for Financial I. II. Objectives of the global LEI III. Key considerations and challenges to overcome in building a global LEI IV. Principles underpinning the framework and design of the global LEI V. Scope scale and initial VI. Pulling the LEI system VII. Governance and the rules of the game. 48 VIII. Implementation and next Annex 5 LEI Implementation Group work plan Annex 6 Global LEI system Charter development Annex 7 LEI Central Operating Unit development process