The financial services industry has consistently faced difficulties in information flow, due to inefficient methods of capturing data, itself a result of absence of standards. An area of speciality for Transparency Matters Ltd has been in helping financial services information businesses press for changes in regulatory and data standards, thus enhancing their business models. Examples of this include...
|
In securities identification. Until 1986, each country had its own securities ID. The SEDOL number, CUSIP, WKN, Valorencode etc, were for the most part, national, and hence the international investment accounting industry faced many failed traded due to mismatches. We were involved from the start in setting up the Committee to establish an international standard, which led to ISO 6166. Bringing all industry participants together, and influencing the adoption of ISIN was a crucial part of my job. The ISIN code today makes such issues a memory!
The Information Industry of America committee on corporate actions, (which we chaired) led to standards being introduced.
And on behalf of PR Newswire, we have been able to influence the Transparency Directive, which is bringing common standards to financial news dissemination. Membership of the CESR working group let me contribute to the new standards just now being introduced across the EU.
. |
 |
