ISLA pinpoints key focus areas for the industry in new whitepaper
31 October 2022 UK
Image: Dilok/stock.adobe.com
The existing ecosystem supporting the market is complex and the path to change remains a journey, according to David Shone, director of market infrastructure and technology at ISLA.
The International Securities Lending Association (ISLA) has published its newest whitepaper in collaboration with Linklaters, “The Future of the Securities Lending Market: On the Cusp of Transformation”.
As the third in a series of whitepapers on the future of the market, ISLA’s most recent edition reveals areas of the lifecycle that require further attention and development.
From a technological perspective, the association highlights streamlining Know Your Client (KYC) processes, dealing with Central Securities Depository Regulation (CSDR) impacts, and how to improve the next iteration of regulatory reporting, as focus areas.
Despite this, ISLA’s work on the Common Domain Model (CDM) and the ISLA Clause Library & Taxonomy has now progressed to a point where member firms can see opportunities for application.
For ISLA members, the whitepaper found that this year brought about an interest in new business opportunities afforded by digital technology. This shift can be seen, in particular, on the benefits to collateralisation, and the use of CDM as building blocks for smart contracts on blockchain ecosystems created by ISLA members.
In this whitepaper, the association presents discussions on how trade negotiation can be standardised, therefore increasing interoperability. In addition, ISLA explores how a digitised version of the ISLA Clause Library could assist in automation.
Shone comments: “The industry continues to progress along its transformational journey. As we teeter on the cusp of seeing the fundamental building blocks have identifiable use cases, indeed, on the cusp of actual transformation, the next eighteen months should be a very interesting time.”
The International Securities Lending Association (ISLA) has published its newest whitepaper in collaboration with Linklaters, “The Future of the Securities Lending Market: On the Cusp of Transformation”.
As the third in a series of whitepapers on the future of the market, ISLA’s most recent edition reveals areas of the lifecycle that require further attention and development.
From a technological perspective, the association highlights streamlining Know Your Client (KYC) processes, dealing with Central Securities Depository Regulation (CSDR) impacts, and how to improve the next iteration of regulatory reporting, as focus areas.
Despite this, ISLA’s work on the Common Domain Model (CDM) and the ISLA Clause Library & Taxonomy has now progressed to a point where member firms can see opportunities for application.
For ISLA members, the whitepaper found that this year brought about an interest in new business opportunities afforded by digital technology. This shift can be seen, in particular, on the benefits to collateralisation, and the use of CDM as building blocks for smart contracts on blockchain ecosystems created by ISLA members.
In this whitepaper, the association presents discussions on how trade negotiation can be standardised, therefore increasing interoperability. In addition, ISLA explores how a digitised version of the ISLA Clause Library could assist in automation.
Shone comments: “The industry continues to progress along its transformational journey. As we teeter on the cusp of seeing the fundamental building blocks have identifiable use cases, indeed, on the cusp of actual transformation, the next eighteen months should be a very interesting time.”
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