The leading knowledge platform for the financial technology industry
The leading 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

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.

Related content

WEBINAR

Recorded Webinar: Maximising success when migrating big data and analytics to cloud

Migrating big data and analytics workflows to the cloud promises significant cost savings through efficient use of infrastructure resources and software that scales dynamically based on data volume, query load, or both. These are valuable gains for investment banks, but they can only be fully realised by taking a new approach to architecture and software...

BLOG

A-Team Group Names Winners of Data Management Insight Awards 2020

A-Team Group has announced the winners of its prestigious Data Management Insight Awards 2020. The annual awards, now in their eighth year, recognise leading providers of data management solutions, services and consultancy to capital markets participants. The award winners were announced online across categories ranging from best sell-side and buy-side data management platforms to best...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that will be held in June 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Entity Data Management Handbook – Seventh Edition

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...