London, 6 December 2024 – We are pleased to announce that the Derivatives Service Bureau (DSB) has won ‘Best Standards Solution for Data Management’ at the A-Team Data Management Insight Awards Europe 2024. These awards recognise both established solution vendors and innovative newcomers providing leading data management solutions, services and consultancy to capital markets participants across Europe.
The DSB has been acknowledged for the successful launch of the new global Unique Product Identifier (UPI) Service. This achievement aligns with G20 commitments made post the financial crisis to reform the OTC derivatives market. The UPI, developed by CPMI-IOSCO, based on Financial Stability Board (FSB) recommendations, has been established to streamline the global aggregation of OTC derivatives products and enhance the monitoring of systemic risk across global OTC derivatives markets. This year, the US, Europe, UK, Australia and Singapore implemented regulations for counterparties to incorporate the UPI into their reporting workflows, driving global adoption and data harmonization.
The DSB is a market utility fostering interoperability through the adoption and implementation of global, ISO standards, including the UPI, the International Securities Identification Number (ISIN), Classification of Financial Instruments (CFI) and Financial Instrument Short Name (FISN) for OTC derivatives.
The commitment to advancing regulatory reform for OTC derivatives markets remains ongoing with Japan implementing UPI reporting on 7 April 2025, Canada on 25 July 2025 and Hong Kong on 29 September 2025. Korea and Saudi Arabia are also advancing preparations for the roll out of mandatory UPI reporting.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “2024 has been a significant year for the implementation of UPI reporting globally. The DSB is grateful to be awarded Best Standards Solution for Data Management, recognising the collaborative work between authorities, firms and the DSB to leverage and integrate international standards. We look forward to the continued work with all stakeholders to meet the evolving needs of the OTC derivatives markets”.
ENDS
Media contacts
Carmen Rey, Amanda O’Sullivan – Streets Consulting
carmen.rey@streetsconsulting.com / amanda.osullivan@streetsconsulting.com
+44 (0)207073 2649
The Derivatives Service Bureau (DSB) Ltd
The Derivatives Service Bureau, DSB, is the global golden source of reference data for Over the Counter (OTC) derivatives. Serving over 4,000 users spanning approximately 500 institutions, the DSB enables market participants to meet their regulatory reporting obligations to trade repositories, and for post- trade transparency and market abuse reporting related to MiFID II. A global utility with widespread industry representation, expertise and collaboration at its core, the DSB provides its reference data on a cost-recovery basis to increase transparency, efficiencies and interoperability through the use of standards. Users can access the DSB’s automated zero-touch technology platform through an open and easily accessible web interface that can handle multiple taxonomies of definitions and descriptive data for near real-time allocation.
Founded by the Association of National Numbering Agencies, ANNA, the DSB is the sole source of multiple ISO standards for OTC derivatives, including International Securities Identification Numbers (ISINs), Unique Product Identifiers (UPIs), Classification of Financial Instruments Codes (CFIs) and Financial Instrument Short Names (FISNs). In addition to its ISO mandates, the DSB has been nominated by the Financial Stability Board of the G20 to be the exclusive global operator of the UPI Service. This service will enable authorities to aggregate data on OTC derivatives transactions by product or by any UPI reference data element. If you would like to use the Derivatives Service Bureau please visit the DSB website
About ANNA
The Association of National Numbering Agencies (ANNA) is a global member association seeking to foster standardisation within the financial industry by upholding the International Organization for Standardization (ISO) principles and by promoting ISIN, FISN and CFI codes for financial instruments. This is achieved through ongoing, collaborative work with market participants, regulators and other standards bodies.
Under ANNA’s stewardship, the role of the ISIN in enabling global financial communications has been established worldwide. Founded in 1992 by 22 numbering agencies, today ANNA’s membership continues to grow, with more than 120 global members and partners allocating ISIN, FISN and CFI codes on behalf of their local jurisdictions. By putting in place rigorous governance around the development, allocation and sharing of ISIN, FISN and CFI codes, ANNA helps facilitate open, transparent markets diminishing barriers to access, while protecting the integrity of the standards. As a result, ISIN has become the recognised global standard for unique identification for all types of financial and referential instruments, helping to connect and protect global markets.
In addition, ANNA has established the Derivatives Service Bureau (DSB), a fully automated global numbering agency to meet the specific operational and regulatory requirements of the over-the-counter derivatives markets.
For information about ANNA, its members and activities, please visit the website.
