About a-team Marketing Services

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: New solutions to the old problems of compliance with communications surveillance regulation

Communications surveillance is an integral element of trading at financial institutions, and its functions are clearly set out in jurisdictional regulations – to capture, record and retain all communications. Essentially, all business related communications must be recorded whatever the underlying mechanism – be it a work phone, personal mobile phone, text, video and so on...


UK Firms Behind on their Plans for EMIR Refit, Novatus Survey Finds

UK firms are largely behind in their plans to comply with the EU’s EMIR Refit transaction reporting regulation, which comes into effect April 29, 2024. Moreover, they are finding the increased technological complexities introduced by the update particularly challenging. These are among the main findings of a survey conducted by Novatus Advisory on readiness for...


RegTech Summit London

Now in its 6th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.


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...