Reference Data Standards Reaching ‘Peak Implementation’
The wide adoption of reference data and accompanying standards creates both opportunities and challenges, said Cusip Global Services vice president and COO at the North American Financial Information Summit.
“Thematic commonalities across markets and regulations allow firms to consume [reference data] in one central location and realize significant efficiencies. You see more and more adoption of global standards, and very rarely do you see a specific regulation coming online without some use of ISO standardizations, whether it’s the LEI (Legal Entity Identifier), the ISIN (International Securities Identification Number), the classification of financial instruments. So, where available, it seems that
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