Standard identifiers are playing an increasingly important role in finance and trade globally. TFG’s Deepesh Patel heard from Richard Young at FIGI (Bloomberg).
Richard joined Bloomberg in September 2015, focusing on the promotion of Bloomberg’s Open Symbology initiative in the European market. This role includes prioritising the adoption of the Financial Instrument Global Identifier (FIGI) by EU regulators, thereby enabling firms to use the FIGI in their compliance with new EU reporting obligations.
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. Most recently Richard was Head of Regulatory Affairs at SWIFT, where he contributed to the development of new services arising from regulatory change, including services for reporting to Trade Repositories and reference data/standards initiatives, such as the development of SWIFT’s services for the Legal Entity Identifier (LEI).