FSB Report Recommends Three-Tier Structure For LEI System

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The Financial Stability Board is based in Basel, Switzerland (above)

The Financial Stability Board (FSB) will recommend the establishment of a three-tier structure for the global legal entity identifier (LEI) system when it presents its conclusions on the operation of the new identifier to the Group of Twenty (G-20) finance ministers and central bank governors this month. In what it describes as an "ambitious objective," the FSB will recommend that the system is established by November and that it is independently functional by March 2013.

The FSB, which promotes

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