The batting to and fro between the International Standards Organization (ISO), the Association of National Numbering Agencies (ANNA) and the Cusip Service Bureau operated by McGraw-Hill’s Standard & Poor’s Corp. continues unabated. The latest barrage comes from ANNA members, who collectively condemned charging for ISIN-based securities identification databases, in what appears to be another thinly veiled attack on the CSB. The London-based Information Providers User Group (IPUG) also put its oar in with a letter to the S.E.C., urging that fees based on any claims of intellectual property by national numbering agencies be waived. Of course, all this is well and good. But if Standard & Poor’s hadn’t asserted its intellectual property rights, acquired through 30 years of commitment – for questionable return, particularly early on – to the concept of standards-based identifiers, we wonder whether there would be any Cusip numbers about which to argue over licensing fees.
A-Team Insight Blogs
Cusip License Fee Battle Rages On
Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings
A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...
The Association of National Numbering Agencies (ANNA) has further expanded the ISIN-to-LEI mapping service it provides in conjunction with the Global Legal Entity Identifier Foundation (GLEIF) to cover ISINs in an additional group of jurisdictions. The mapping service developed collectively by the GLEIF, ANNA and its National Numbering Agencies (NNAs) was launched as a pilot...
This briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.
Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...