About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

DSB Reports Growing Industry Interest in Gaining Added Value from its ISIN Allocation Service

Subscribe to our newsletter

The results of the Derivatives Service Bureau’s (DSB) first industry consultation in 2019 show users of the bureau moving on from initial implementation issues around the DSB ISIN allocation and maintenance service, and expressing growing interest in efficiency and gaining added value from the service.

The consultation, now in its third year, closed on June 5, 2019 and sought answers to questions about the DSB’s services and functionality from both direct and indirect users. Of 24 user driven questions put forward to the industry, six were dismissed as not being of interest, seven will be taken forward by the DSB on a business as usual (BAU) basis with no impact on costs, and 11 require further industry feedback and investigation. These 11 questions will be included in a second consultation that will end on July 29, 2019, and inform DSB service provision for 2020.

Malavika Solanki, a member of the DSB management team, says BAU initiatives include expanding the underlying data sources used by the DSB to include data such as reference rates, equity indices and commodity indices, and focusing on specific aspects of the service as part of the DSB’s ongoing data review activity.

Issues requiring feedback in the second consultation include provision of mapping between DSB templates and MiFID II RTS 2 taxonomy. Templates were originally designed to facilitate reference data reporting under MiFID II RTS 23. Solanki says: “If it is decided to go ahead with this mapping, users would have a more systematic and consistent understanding of how each template and ISIN map to MiFID II RTS 2 classifications. If this is done well, it could provide a standard agreement on how users want to look at these classifications.”

Also on the table for potential DSB development is leveraging the ISIN-LEI mapping service to use the LEI and other supplemental data to drive data validation at the point when a product template is created. A focus on cybersecurity is also on the list.

Issues highlighted by the industry in the second consultation will be published in a final report on August 19, 2019, and then put to the DSB’s product committee and technical advisory committee for further consideration and prioritisation.

The second consultation paper can be found here. Feedback should be submitted to industry_consultation@anna-dsb.com by 5pm UTC on July 29, 2019.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Solving the operations talent crisis

With financial services in the grip of the Great Resignation, operations – a function which has always found recruitment and retention of talent difficult – is facing challenging times. Business growth is a must, but with scaling comes the cost and complexity of additional headcount. How can you ensure that these constraints don’t hold your...

BLOG

ESMA Recommends Digital Token Identifier for Pilot of Distributed Ledger Technology Regulation

ESMA has recommended use of the ISO standard Digital Token Identifier (DTI) for the pilot of its Distributed Ledger Technology (DLT) regulatory regimen. DTIs are issued by the DTI Foundation, a non-profit division of Etrading Software, with a view to bringing standardisation to digital asset and crypto markets. The DLT pilot will apply from 23...

EVENT

Data Management Summit London

Now in its 13th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...