ISLA's digital working group gains mass support
19 June 2020 London
Image: Rawpixel.com/Shutterstock.com
The recently-launched digital working group by the International 麻豆传媒 Lending Association (ISLA) has garnered major market interest, with more than 50 of ISLA's 160-strong member base already signed on to contribute.
The group was unveiled in April and will form a major part of ISLA鈥檚 push to encourage digitalisation and standardisation of global securities lending markets, including the adoption of a common domain model and other objectives the association outlined in its .
The working group is initially focused on forming ISLA鈥檚 responses to consultations being run by the European Commission and the Bank of England on how to advance the digitisation of financial markets.
ISLA director Adrian Dale, who leads the association's 麻豆传媒 Financing Transactions Regulation (SFTR) initiative, tells SLT that the aim when forming the digital working group was to have a balanced representation of members covering both buy- and sell-side members, along with vendors and legal experts.
鈥淎fter the first communications, interest grew quite quickly and we surpassed 50 [members] a while back,鈥� he says, adding that ISLA has managed to maintain 鈥渞oughly equal鈥� representation from the buy and sell sides of the market.
鈥淲e also have board members, legal representatives and vendors from across the industry,鈥� Dale adds.
Elsewhere, ISLA also recently brought on State Street鈥檚 former to act as a contract consultant and support the working group and ISLA's overall digital agenda.
The group was unveiled in April and will form a major part of ISLA鈥檚 push to encourage digitalisation and standardisation of global securities lending markets, including the adoption of a common domain model and other objectives the association outlined in its .
The working group is initially focused on forming ISLA鈥檚 responses to consultations being run by the European Commission and the Bank of England on how to advance the digitisation of financial markets.
ISLA director Adrian Dale, who leads the association's 麻豆传媒 Financing Transactions Regulation (SFTR) initiative, tells SLT that the aim when forming the digital working group was to have a balanced representation of members covering both buy- and sell-side members, along with vendors and legal experts.
鈥淎fter the first communications, interest grew quite quickly and we surpassed 50 [members] a while back,鈥� he says, adding that ISLA has managed to maintain 鈥渞oughly equal鈥� representation from the buy and sell sides of the market.
鈥淲e also have board members, legal representatives and vendors from across the industry,鈥� Dale adds.
Elsewhere, ISLA also recently brought on State Street鈥檚 former to act as a contract consultant and support the working group and ISLA's overall digital agenda.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
