DSB Announces Technology Advisory Committee Membership
Expands Committee Size to Accommodate Increased Industry Interest
London, 1 June 2018 – The Derivatives Service Bureau today announced the members of its newly formed Technology Advisory Committee (TAC). The mission of the TAC is to provide guidance and recommendations to the DSB Board on technology implementation and investment to support the DSB role as a critical market infrastructure for providing financial instrument identifiers. As part of the DSB governance structure, it will also enable the DSB to sample industry sentiment regarding potential changes in services or performance.
The Derivatives Service Bureau is a new global reference data utility, launched in October 2017, that enables users to create ISO identification codes for regulatory reporting and operational management of OTC derivatives. These codes include the International Securities Identification Numbers (ISIN), Classification of Financial Instruments (CFI) and Financial Instrument Short Name (FISN).
More information about the TAC is available at the DSB website.
Due the high level of industry interest in participating in the TAC, the DSB Board amended the TAC charter to increase the maximum number of participants from 20 to 40. The committee is comprised of representatives of banks that are systematic internalizers in the OTC derivatives markets, derivatives trading venues, related businesses, trade associations, independent experts and regulators. DSB Board Member Marc Honegger of Six Financial Information AG has agreed to take the role of board sponsor to the DSB.
“We are honoured to welcome these experts into the planning process of the DSB,” said Emma Kalliomaki, managing director of the DSB. “The DSB has been launched in a period of significant change in the derivatives industry, particularly in the realm of regulation and reporting. The TAC will be crucial to our readiness to meet the evolving challenges of instrument identification.”
Among the TAC membership, David Broadway of the Investment Association has been named chair of the TAC. “The DSB executes a critical market function in uniquely numbering the most complex financial instruments under the ISO 6166 standard,” notes Broadway. “Given the relative youth of the DSB, the diversity of the TAC membership will be especially beneficial to ensure its technology infrastructure meets the requirements of industry and regulators.”
The TAC includes the following representatives:
Systematic Internalizers
- Citigroup: Souvik Deb, Vice President, Regulatory Reform
- Credit Suisse: Prem Ananthakrishnan, IT
- HSBC: Andrew Woolley, MiFID II Technical Architect
- Lloyds Bank: Stephen Pond, FI E-trading & Rates Pricing Development Manager
- Morgan Stanley, Shari Lines, Finstrument Reference Data Architect
- Rabobank: Gouri Khatua, MiFID II Project Manager, Compliance, Europe
- Standard Chartered Bank, Andrew Poulter, Sabre Development Manager
- State Street Bank, Kimberly Cohen, MD Business Technology Solutions
- UBS: Tony Chau, Investment Bank CTO for Regulatory Initiatives
Trading Venues
- BGC Partners: Jimmy Chen, Development Manager
- Bloomberg LP: Chris Pulsifer, Software Development Manager
- NEX Group: Ziv Yankiwitz, Vice President, Research and Development
- State Street FX Connect: Tony Flamand, Head of Regulatory Reform’
- Thomson Reuters MTF: Alex Pett, Senior Technologist, Transactions Admin
Related Businesses
- Asset Control: Martijn Groot, Vice President, Product Management
- Simplitium: Aanya Madhani, Head of Product Development
- SIX Service Group AG: Stephan Schaub, Senior Architect
- SmartStream: Rocky Martinez, Chief Technology Officer
- Thompson Reuters Data: Michael Doody, Global Partnership Director, Data
Trade Associations
- BVI German Investment Funds Association: Felix Ertl, Vice President, Legal
- EFAMA European Fund and Asset Management Association: Vincent Dressard, Senior Regulatory Policy Advisor
- FIX Trading Community: Hubert Kreschmer, FIX Global Technical Committee
- Investment Association: David Broadway, Investment Operations Lead
- ISDA International Swaps and Derivatives Association: Karel Engelen, Senior Director
Independent Experts
- Jim Northey, ex officio as ISO TC 68 Chair Elect
- Bill Nichols
Regulatory Observers
- ESMA European Securities and Markets Authority: Olga Petrenko, Senior Officer, Markets
- FCA Financial Conduct Authority: Paul Everson, Senior Associate, Market Oversight
- JSDA Japan Securities Dealers Association: Eiichiro Fukase, General Manager
The first meeting of the TAC is planned for 27 June. Topics in the meeting are expected to be potential changes in user services and performance standards, resiliency resources and technology investments that are currently under consideration in the current industry consultation on the 2019 DSB fee model.
As the DSB operates its numbering agency functions under a cost-recovery regime, investments in enhanced services, increased resiliency and different performance standards have implications on user fees. The proposals in this consultation are available at the DSB website, including the recording of the webinar that opened the discussion, the graphical presentation with topic details and the link to the online feedback template. Industry feedback is due to industry_consultation@anna-dsb.com no later than 5pm UTC on Wednesday 13th June 2018. After an evaluation of responses, the DSB will open a second fee model consultation with further details on changes and costs for industry feedback to finalize the plan for next year’s fee model.
Connect with the DSB
All use of the Derivatives Service Bureau requires registration. To register and to obtain technical support, please email your request to technical.support@anna-DSB.com.
To obtain non-technical information on the DSB including information on product templates, to obtain the user agreement and related documentation, as well as to subscribe to the DSB updates by email, please send your request to secretariat@anna-DSB.com.
For detailed information on pricing and user categories, technical principles of the DSB, and information about the DSB product committee and its activities, please visit the DSB website.
About The Derivatives Service Bureau (DSB) Ltd
Headquartered in London, the DSB is a legal subsidiary of the Association of National Numbering Agencies. Its core purpose is to serve as a global numbering agency, providing unique identification of OTC derivatives to serve the needs of market participants and regulators through allocation of the International Securities Identification Number (ISIN), as well as the Classification of Financial Instruments (CFI) and Financial Instrument Short Name (FISN), as OTC products are created. The ISIN, CFI and FISN are globally recognized and adopted ISO standards for identifying and classifying financial instruments.
Please visit the DSB website, anna-dsb.org, for more information about the DSB’s role and activities in meeting the identification requirements of financial markets.
About ANNA
Established in 1992 by 22 founding numbering agencies, ANNA is the membership organization of national numbering agencies, which are operated by depositories, exchanges, government agencies, nationally central data vendors and other financial infrastructure organizations. ANNA also serves as the registration authority for the ISIN and FISN standards, under appointment by the International Organization for Standardization (ISO).
Under ANNA’s stewardship, the role of the ISIN in enabling global financial communications has been established worldwide. ISINs are issued today more than 200 jurisdictions worldwide. In addition, ANNA is developing the Derivatives Service Bureau (DSB), a fully automated global numbering agency to meet the operational and regulatory requirements of the over-the-counter derivatives markets. The number of national numbering agencies and nations working to establish national numbering agencies continues to grow each year, now surpassing 120 jurisdictions globally. For information about ANNA, its members and activities, please visit anna-web.org.
Contact:
Kathleen Hawk for the DSB
kathleen@clearviewpr.com
+1 347 256 3960
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