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What’s in a name? Standard identifiers for financial instruments and entities in a changing financial landscape
Journal of Securities Operations & Custody,
12
(3),
246-254
(2020)
Abstract
Identifiers for financial instruments and entities have grown in importance as tools for regulatory transparency compliance and for the improvement of operational efficiency. At the same time, the landscape of key identifiers that firms need to manage continues to evolve. This paper covers the identifiers of most concern to financial firms, including ongoing developments and changes to these identifiers, which are designed to reflect the evolution of financial markets and the increasing regulatory demands for transparency.
Keywords: financial; instrument; entity; identifiers
The full article is available to subscribers to the journal.
Author's Biography
Richard B. Young joined Bloomberg in September 2015 in an industry and regulatory relations role in Global Data. This role includes advocacy for Bloomberg’s Open Symbology initiatives, covering instrument and entity identifiers. Richard also undertakes industry and regulatory outreach on the data aspects of Bloomberg’s services related to regulatorydriven initiatives. Prior to joining Bloomberg, Richard spent 20 years with the financial messaging and standards body — SWIFT, where he held a variety of roles in sales and marketing. He led initiatives with EU and other regulators to raise awareness of the operational impacts of regulation, including strengthening the regulatory recognition of financial messaging and reference data standards. This involved a particular focus on the promotion of the ISO 20022 financial messaging standard to EU regulatory bodies. Prior to joining SWIFT, Richard held product management roles with a leading global custodian for four years, and before that with the London Stock Exchange.
