But the report adds it is "important to track implementation in these projects if we are to confirm that the proposals work and actually improve efficiency and effectiveness and it could be a number of years before a final judgement can be made on this".

BBC: Plan to create libraries of the future

Using unique alphanumeric identifiers for financial firms would improve OTC derivatives markets, make it easier for regulators to see aggregated risk, and, once systems were changed over, would simplify record keeping, improve operational efficiency for firms and eliminate a lot of reconciliation work, according to a report the BIS issued from the Committee on Payment and Settlement Systems and the Technical Committee of IOSCO.

FORBES: BIS and IOSCO Dither on Requiring Legal Entity Identifiers (LEI)

These are private, Medicare-funded groups that work with medical providers and seniors in each state to improve the quality and efficiency of health care.

FORBES: How Teamwork Across the Health System Can Keep Seniors Out of the Hospital