The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

DSB Responds to Industry Feedback with Plans for a Technology Roadmap for OTC Derivative Identifiers

The Derivatives Service Bureau (DSB) is planning to develop a strategic technology roadmap for OTC derivative identifiers. The roadmap is a response to feedback from the DSB’s latest industry consultation that has also led to the creation of a Strategy Subcommittee of the DSB Technology Advisory Committee (TAC) that will take forward the technology-related work of the original ISO standards working group SG2.

The subcommittee will follow an open and inclusive process with a diverse stakeholder base, and will take into consideration other relevant regulatory and industry initiatives that the DSB should aim to be consistent with.

Marc Honegger, TAC sponsor and board member of the DSB, says: “Having successfully enabled OTC derivative users to meet their MiFID II reporting requirements in 2018, we now look forward to working with industry in 2019 to develop the DSB strategic technology roadmap.”

Membership of the TAC Subcommittee will be announced on October 11, 2018, with the first meeting due to be held on November 8, 2018. The meeting agenda, full list of TAC Strategy Subcommittee participants, and records of meetings will be available on the DSB website.

Related content

WEBINAR

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,...

BLOG

Are You Ready for Brexit?

Things might be up in the air at the moment around Brexit negotiations, but the UK financial regulators have made it very clear that firms must be ready for the final deadline on December 31, 2020 or risk facing the consequences. Firms that don’t prepare in advance for the changing regulatory environment could face tough...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

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...