London, 1 May 2025 – We are delighted to announce that the Derivatives Service Bureau (DSB) has won ‘Most Innovative Data Standards Initiative’ at the A-Team Innovation Awards Europe 2025. These awards celebrate innovative projects and teams across the vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets, with a specific focus on Data Management, Trading Technology, ESG and RegTech suppliers.
The DSB has been recognised for the successful delivery of the global Unique Product Identifier (UPI) Service for OTC derivatives-a key step in fulfilling G20 commitments made after the financial crisis to increase market transparency and stability. The UPI, developed by CPMI-IOSCO, based on Financial Stability Board (FSB) recommendations, is the data standardisation initiative designed to significantly progress global systemic risk monitoring as global jurisdictions implement regulations for counterparties to incorporate the UPI into their reporting workflows.
Developed collaboratively with global regulators and industry stakeholders, the DSB launched and delivers the UPI service that works in conjunction with Unique Transaction Identifiers (UTIs) and Critical Data Elements (CDE), promoting data harmonisation and interoperability. In 2024 the US, EU, UK, Australia and Singapore went live for UPI reporting, with Japan, Canada, Hong Kong, Korea and Mexico mandating in 2025.
Emma Kalliomaki, Managing Director of ANNA and the DSB, said, “Good initiatives become a reality when goals, collaboration and innovation align. The DSB is grateful to receive this award, which also acknowledges the critical role of standards in advancing the OTC derivatives markets. This recognition reflects the collaborative efforts of authorities, industry participants, and the DSB to align international standards, drive interoperability, and ensure high-quality data to support market transparency, and drive efficiency. We urge all stakeholders to continue this work with us, either via input into the annual industry consultation on services, or by participation in the cross-industry committees we host.”
The DSB commitment to advancing regulatory reform for OTC derivatives markets is ongoing with the annual Industry Consultation running 30 April to 30 May 2025.
More information on the key topics included and how to input into the consultation process can be found here.
ENDS
Media contacts
Carmen Rey, Amanda O’Sullivan – Streets Consulting
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+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 1,900 organisations spanning over 40 jurisdictions, 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.
