LONDON, Wednesday 5 September 2018 – The International Securities Lending Association (ISLA), a leading financial services industry association, is delighted to announce that Richard Colvill has joined the firm to work exclusively on the Securities Financing Transactions Regulation (SFTR).
Richard has significant experience in delivering complex data projects within securities finance over a 20-year career and will be working alongside Sarah Nicholson to help the industry develop standardisation and consensus around the SFTR reporting on behalf of ISLA. This significant additional commitment will allow ISLA to take a leading role in developing market wide consensus around several aspects of SFTR including UTI creation, data fields, lifecycle events, data transfer timelines, messaging protocols and collateral processing.
Andy Dyson, CEO at ISLA said ‘I am delighted that that Richard is joining us at a pivotal moment in the history of the industry. Non-compliance with this mandatory reporting obligation is not an option and Richard’s arrival will significantly enhance our capabilities over the coming months.’
Richard concluded “This is a great time to be joining ISLA. The association enjoys an excellent reputation and it has become increasingly obvious over the last few months that the industry is looking to them for direction, to navigate through the complexities of this (SFTR) legislation. I feel privileged to have the opportunity to join this dynamic team and to help provide leadership with this exciting incentive, and look forward to the challenges.”
The International Securities Lending Association (ISLA) is a leading industry association, representing the common interests of securities lending and financing market participants across the globe. Its geographically diverse membership of over 150 members includes institutional investors, asset managers, custodial bank, prime brokers and service providers.
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