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NEW YORK (Reuters) - President Barack Obama says he will not bypass Congress and cite an obscure part of the Constitution to prevent a government debt default, but legal experts say it would prove difficult to challenge him in court should he change his mind.

Legal Identifers are Just A First Step in Financial Risk Management
You cant manage what you cant measure, is a largely correct, if rather tired, business aphorism. In financial risk management, the fairly arcane subject of a Legal Entity Identifier is a first step to improve measurement in banking.When Lehman collapsed our clients suddenly realized they didnt have a good enough understanding of who their counterparties were, said Tony Freeman, head of ...