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

FINOS Promotes Industry Standards with Release of Common Domain Model

Subscribe to our newsletter

The Fintech Open Source Foundation (FINOS) has released a long-awaited Common Domain Model (CDM) designed to drive transparent and inclusive industry standards. The model is a result of cross-industry collaboration between FINOS, the International Swaps and Derivatives Association (ISDA), International Capital Market Association (ICMA), and International Securities Lending Association (ISLA).

The CDM is integrated into the FINOS project landscape, and can streamline and automate lifecycle events and processes related to derivatives, fixed income and securities lending transactions, reducing costs and improving interoperability. The model promotes transparency and alignment by producing consistent trade data, which enhances risk management and trade processing capabilities.

“This is the perfect time for the industry to double down on standards collaboration,” says Jane Gavronsky, COO at FINOS. “Progress in digitising regulatory rules, advances in smart contracts, continuous demand for greater transparency from regulators, and mounting cost pressures in the market all point at the need to join forces to increase interoperability via standards proliferation, and to do more with less by mutualising development cost.”

Andrew Dyson, chief executive at ISLA, added: “Placing the CDM within the FINOS community marks a watershed moment in the development of standards for the industry. Strategically, the open-source methodology should breed faster convergence, facilitate quick adaptation to future changes to capital markets requirements, and attract a wider user base.”

The release of the CDM coincided with the completion of ICMA’s CDM project for repo and bonds. The CDM is available under the FINOS Community Specification License 1.0.

Subscribe to our newsletter

Related content


Recorded Webinar: How to develop a reporting framework for ESG disclosure regulation

ESG reporting is a challenge and additional burden for many financial institutions as regulations continue to evolve, ESG data management is complex, and global standards remain elusive. Helpful solutions include reporting frameworks that support the collection, understanding, and management of ESG data for disclosure. This webinar will provide practical guidance on how to build a...


EMIR Refit is on the Horizon – Is Your Organisation Ready? Find Out at Next Week’s RegTech Summit London

European Market Infrastructure Regulation Refit (EMIR Refit) is on the horizon with new reporting standards including more reporting fields, a change in reporting format from CSV to XML, an increase in the number of trading repository reconciliation fields for pairing a matching, and mandatory use of the Unique Product Identifier (UPI), which moves into production...


TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.


Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...