The Federal Reserve Board on Monday, March 16, proposed that banking organizations be required to include their existing Legal Entity Identifiers (LEIs) on certain regulatory reporting forms, officials say. The LEI standard is a 20-character alphanumeric code that is universal and uniquely corresponds to a single legal entity. The LEI reference code enables easier identification… Read More >>
Sandy Weill’s Stunning Reversal
Back in April, I blogged about a Federal Reserve Bank of Dallas official who says the industry failed to address the “too big to fail (TBTF)” issue and that we should break up giant banks. I questioned then whether there ever would be a debate on the subject. After Sandy Weill’s comments yesterday, I am… Read More >>
