ISLA to form new digital working group
22 April 2020 London
Image: pgraphis / Shutterstock
The International Securities Lending Association (ISLA) has launched a new digital working group and it is now inviting members to join.
The group will initially help to form responses to both the European Commission’s and Bank of England’s consultations on how to advance the digitisation of financial markets.
Earlier this month, the European Commission launched a consultation on its digital finance strategy. In this consultation, the commission is interested in hearing the views of a wide range of stakeholders including national competent authorities, member states and the European Central Bank.
Similarly, the Bank of England published a discussion paper on 7 January. The discussion paper marks the launch of a review held with “banks, insurers and financial market infrastructures to explore a transformation of the hosting and use of regulatory data over the next decade”.
Closely aligned to both of these initiatives, ISLA launched a joint paper with Linklaters, looking at the increasing complexities surrounding the securities lending market.
The working group’s long-term goal will be to focus on the creation of a common domain model (CDM) for the securities lending market and other fintech topics mentioned in the paper.
Commenting on the new group, the CEO of ISLA, Andrew Dyson, says: “We are excited to engage with ISLA members and the market more widely in relation to the issues and vision for the future of the industry.”
The group will initially help to form responses to both the European Commission’s and Bank of England’s consultations on how to advance the digitisation of financial markets.
Earlier this month, the European Commission launched a consultation on its digital finance strategy. In this consultation, the commission is interested in hearing the views of a wide range of stakeholders including national competent authorities, member states and the European Central Bank.
Similarly, the Bank of England published a discussion paper on 7 January. The discussion paper marks the launch of a review held with “banks, insurers and financial market infrastructures to explore a transformation of the hosting and use of regulatory data over the next decade”.
Closely aligned to both of these initiatives, ISLA launched a joint paper with Linklaters, looking at the increasing complexities surrounding the securities lending market.
The working group’s long-term goal will be to focus on the creation of a common domain model (CDM) for the securities lending market and other fintech topics mentioned in the paper.
Commenting on the new group, the CEO of ISLA, Andrew Dyson, says: “We are excited to engage with ISLA members and the market more widely in relation to the issues and vision for the future of the industry.”
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