London, 19th May 2021 – The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA), to facilitate the allocation and maintenance of ISINs, CFIs and FISNs for OTC derivatives, is delighted to announce they have been awarded for the second year running, ‘Best Sell-Side Regulatory Data Solution’ at the RegTech Insight Awards!
Now used in 33 countries, the DSB was founded following the European regulatory mandate in 2016 for the ISIN to be used for uniquely identifying and reporting OTC derivatives under MiFID II and is rapidly expanding, with the UPI service set to go live in July 2022. “It’s a real vote of confidence from across our readership of 30,000 senior technology officers and data specialists, who selected the Derivatives Service Bureau (DSB) as the clear winner in a very competitive field,” said Angela Wilbraham, CEO of A-Team Group, which hosts the RegTech Insight Awards.”
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “The DSB is delighted to be recognised by A-Team and the industry again this year for the ‘Best Sell-Side Regulatory Data Solution’ award. The past year has been so busy for the DSB. We are currently undertaking the second UPI consultation in parallel with the Request for Information (RFI) process to identify a reference data provider for provision of underlier identifiers for the UPI. Our work has been a success due to ongoing collaborative work with market participants, regulators and other standards bodies, and we look forward to continuing these strong relationships and are delighted our work has been marked in this way.”
Malavika Solanki, a member of the DSB Management Team, said, “We are thrilled to receive this award by voters as it acknowledges all the hard work that has taken place over the past twelve months, including the ongoing OTC ISIN consultation, work on our Product Committee and Technical Advisory Committee. Data alignment is such an important part of what we provide through our standards, and working with regulators and industry to provide the most efficient identifiers for market participants is at the core of what we do. This win for all the teams’ hard work is so satisfying and will spur us on to provide the best service we can into the future.”
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The Derivatives Service Bureau (DSB) Ltd
The Derivatives Service Bureau is a global numbering agency for OTC derivatives serving the needs of market participants through the allocation of International Securities Identification Numbers (ISINs), the Classification of Financial Instruments (CFI) and Financial Instrument Short Name (FISN), all globally recognised and adopted ISO standards for identifying, classifying and describing financial instruments.
From Q3 2022, the DSB also expects to be providing Unique Product Identifiers (UPIs) for over-the-counter (OTC) derivatives to enable global regulatory authorities to aggregate data on OTC derivatives transactions to help assess systemic risk. This follows designation by the Financial Stability Board (FSB) in 2019 as the sole service provider for the future UPI system, performing the function of issuer of UPIs as well as operator of the UPI reference data library.
With an underlying technology platform that is built to support multiple taxonomies of definitions and descriptive data, as well as numbering in near-real-time, the DSB is motivated to bring greater transparency and integration within the OTC derivatives market, enabling institutional investors to standardise data and better control operational risk. Users can access the DSB through a web interface, by accessing data in daily update files or by direct integration to front-office systems for trading and order management.
The DSB is a legal subsidiary of the Association of National Numbering Agencies (ANNA). With widespread industry representation, expertise and collaboration at its core, the DSB’s history, pedigree and expertise are rooted in ANNA, with its broad experience and overview of handling both on and off-exchange ISINs for all asset classes. If you would like to use the Derivatives Service Bureau please visit the DSB website
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