DSB to Add Tech Forum Members

The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) is seeking to add members to its Technology Advisory Committee (TAC).

DSB was founded to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, and is inviting applicants to participate in the next term of the TAC which starts in October 2020, with an application deadline of Friday, 4th September.

The TAC was established to provide technical support to the DSB and is currently composed of 27members, most of which originate from banks, vendors, trade associations and wider OTC derivatives community. It meets in March and October for technology governance purposes, and more regularly in response to the wider and more urgent needs of the industry that arise through the DSB’s annual industry consultation process. In addition to the OTC ISIN, the TAC is extending its remit from October this year to cover matters relating to the Unique Product Identifier (UPI).

The body says up to 10 new members will be brought onto the TAC, with applicants from Asia, the Middle East, Africa and South America particularly welcome. It is expecting to expand with technologists from a broad spectrum of institution types, with expertise in infrastructure and cloud-based technology, workflows and cybersecurity. At the same time, a new TAC chair will also be appointed for the next term.

“There is already considerable technical expertise and skill that sits behind the DSB’s TAC,” says Emma Kalliomaki, managing director of ANNA and the DSB. “This could be seen in the TAC’s responsiveness during COVID-19 and the seamless continuity of service and resilience of infrastructure and accessibility. The DSB’s call for additional technical expertise is partly designed to reflect the recent update of DSB TAC Charter which extends the TAC’s work to cover UPIs. It will also help further expand the range of geographic perspectives that shape the work of the DSB.”

Andy Hughes, a member of the DSB management team, adds, “Over the last couple of years the TAC has been responding successfully to the data challenges the financial industry is having to deal with daily in the OTC derivatives markets. By extending our geographical technological expertise, the DSB TAC will continue to work with a team of pragmatic practitioners on data alignment to ensure the DSB continues to provide accurate data which is timely and relevant, critical to reducing risk, thereby enabling trading decisions to be more efficient.”

Colin Lambert

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