Of all the activities engendered by the Dodd-Frank Act, there’s one critical piece that we cannot afford to put on hold – the implementation of a universal identification system for financial market participants. What is least understood, however, is that this effort is critical to being able to analyze systemic risk and to allow regulators to see that which they are mandated to oversee. CEOs are not yet aware of the connection between global identification of their companies and the ability to prevent, or at least judge when another financial crisis is imminent.

Read the article at chiefexecutive.net

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