But a key point of the LEIs is that they really only works if they are adopted globally.
FORBES: BIS and IOSCO Dither on Requiring Legal Entity Identifiers (LEI)
Siva's family inundated him and his teammates with candy-filled leis following the game, a nod to their Samoan heritage.
"They kept covering me with these leis and I kept telling them I can't see or breathe, " Siva said.
Such a timetable could help keep the first firm to institute LEIs from being the lone guest at the party.
FORBES: Regulatory Deadlines Start the LEI Party This Summer
There are Hawaiian leis in the colours of the German flag, life-size porcelain dogs and alarm clocks topped with pole-dancing dolls.
Mullin makes his case for mandatory LEIs, suggesting regulators offer a transition timetable to those who would need to adapt their systems.
FORBES: Regulatory Deadlines Start the LEI Party This Summer
The second major challenge in developing useful LEIs is achieving international consensus.
FORBES: Legal Entity Identifier (LEI) ID Code for Banks and Subs Delayed Until 2012
The SEC and CFTC are eager to use LEIs in reporting if they can be implemented in a timely fashion, the release added.
FORBES: Legal Entity Identifier (LEI) ID Code for Banks and Subs Delayed Until 2012
The aloha (or Hawaiian) shirt, with its hand-blocked patterns of canoes, pineapples and leis was in its infancy, still a made-to-order keepsake for adventurous tourists.
The U.S. initiative, pushed by SIFMA and affiliated organizations, has been backing a combination of SWIFT and the DTCC to register and maintain the LEIs globally.
Leis, who owns the retail marketing firm MRL Communications, agrees Wang's personal life won't drive away sales because she never made it a part of the story.
Hiroyo Klink wanted her son to enjoy all that comes with a state championship in Hawaii, the trophy, the medals, the leis that are heaped around the winners' necks.
Even while saying LEIs would benefit the economy, reduce risk, and improve operational efficiency, the BIS stops short of calling for them to be legally required by national governments.
FORBES: BIS and IOSCO Dither on Requiring Legal Entity Identifiers (LEI)
The Commodity Futures Trading Commission ( CFTC)rule 77 FR 2136 will require that LEIs identify swap counterparties in both recordkeeping and swap data reporting and it takes effect in July.
FORBES: Regulatory Deadlines Start the LEI Party This Summer
V, has circulated a letter agreeing with most key points of the OFR proposal such as the need for an LEI, global coverage and the ability to use LEIs without charge and points to the advantages for the industry.
FORBES: Global Financial Regulation -- The LEI Looks All-American
If a handful of money center regulators North America, UK, EU, Japan, China, Hong Kong, Singapore and Sydney required their institutions to use globally recognized LEIs, and in turn require their counterparties to use LEIs, the issue would be pretty much solved.
FORBES: BIS and IOSCO Dither on Requiring Legal Entity Identifiers (LEI)
"The Vera Wang brand does not sell her personal love story nor her marriage, but the soul of a New Yorker dedicated to offering women a luxury lifestyle brand, " said Leis, who is also a former director of marketing for Saks Fifth Avenue New York.
Nowadays, many look at it as a bunch of partiers in silly shirts and straw hats wearing gaudy paper flower leis and drinking overly sweet, superfluity rum drinks while trying not to burn down the backyard with torch fuel being spilled on the grill.
In the aftermath of the SIFMA conference in New York last month, the CFTC will require LEIs, or LEI Lite (some interim identification standard), for swaps reporting by September while the G20 is asking for global participation in developing the global LEI standard and implementing it by March 2013, a somewhat slower schedule.
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