Cyber dominates DSB’s consult on OTC ISIN and CFI service provision

The Derivatives Service Bureau (DSB) announced that the OTC ISIN and CFI service-related consultation will focus on topics including cloud resilience and whether the DSB should perform a detailed technical review of its cloud infrastructure.

It will examine cybersecurity and if the DSB should perform a cost benefit and risk analysis on implementing a Security Operations Centre to boost security protocols. The DSB is also seeking the industry’s views on enhanced supplier risk assessment activities and whether the DSB should perform a review of the way in which its technology stack should be enhanced or improved.

Emma Kalliomaki, managing director of ANNA and the DSB, said in a statement that this OTC ISIN and CFI consultation process will operate in parallel with the broader, ongoing global consultation focusing on the UPI fee model.

Malavika Solanki, a member of the DSB Management Team, said in a statement, “This year’s consultation builds on a number of years of successful collaboration with industry so that new users – whose numbers are growing – as well as existing users, will continue to receive high quality service from the DSB. As with prior years, the purpose of consultation is to ensure that the DSB focuses its attention on the areas users consider most helpful in light of the increased focus on security and resilience, so that the DSB can continue to best serve its users in a rapidly evolving landscape.”

The DSB was founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives.

Read the full release

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