Richard Colvill joins ISLA
05 September 2018 London
Image: Shutterstock
The International Securities Lending Association (ISLA) has appointed Richard Colvill to work exclusively on the Securities Financing Transactions Regulation (SFTR).
Colvill has significant experience in delivering complex data projects within securities finance over a 20-year career and will be working alongside Sarah Nicholson to help the industry develop standardisation and consensus around the SFTR reporting on behalf of ISLA.
According to ISLA, this significant additional commitment will allow ISLA to take a leading role in developing market wide consensus around several aspects of SFTR including unique transaction identifier creation, data fields, lifecycle events, data transfer timelines, messaging protocols and collateral processing.
Andy Dyson, CEO of ISLA, commented: “I am delighted that Richard Colvill is joining us at a pivotal moment in the history of the industry. Non-compliance with this mandatory reporting obligation is not an option and Colvill’s arrival will significantly enhance our capabilities over the coming months.”
Commenting on his new role, Colvill said: “This is a great time to be joining ISLA. The association enjoys an excellent reputation and it has become increasingly obvious over the last few months that the industry is looking to them for direction, to navigate through the complexities of this [SFTR] legislation.”
He added: “I feel privileged to have the opportunity to join this dynamic team and to help provide leadership with this exciting incentive, and look forward to the challenges.”
Colvill has significant experience in delivering complex data projects within securities finance over a 20-year career and will be working alongside Sarah Nicholson to help the industry develop standardisation and consensus around the SFTR reporting on behalf of ISLA.
According to ISLA, this significant additional commitment will allow ISLA to take a leading role in developing market wide consensus around several aspects of SFTR including unique transaction identifier creation, data fields, lifecycle events, data transfer timelines, messaging protocols and collateral processing.
Andy Dyson, CEO of ISLA, commented: “I am delighted that Richard Colvill is joining us at a pivotal moment in the history of the industry. Non-compliance with this mandatory reporting obligation is not an option and Colvill’s arrival will significantly enhance our capabilities over the coming months.”
Commenting on his new role, Colvill said: “This is a great time to be joining ISLA. The association enjoys an excellent reputation and it has become increasingly obvious over the last few months that the industry is looking to them for direction, to navigate through the complexities of this [SFTR] legislation.”
He added: “I feel privileged to have the opportunity to join this dynamic team and to help provide leadership with this exciting incentive, and look forward to the challenges.”
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