eteridvalishvili commented 6 months ago

Regulation Innovation SIG

Date

February 13th, 2024 - 12pm EST / 5pm GMT

FINOS Project leads are responsible for observing the FINOS guidelines for running project meetings. Project maintainers can find additional resources in the FINOS Maintainers Cheatsheet.
All participants in FINOS project meetings are subject to the LF Antitrust Policy, the FINOS Community Code of Conduct and all other FINOS policies.
FINOS meetings involve participation by industry competitors, and it is the intention of FINOS and the Linux Foundation to conduct all of its activities in accordance with applicable antitrust and competition laws. It is therefore extremely important that attendees adhere to meeting agendas, and be aware of, and not participate in, any activities that are prohibited under applicable US state, federal or foreign antitrust and competition laws. Please contact legal@finos.org with any questions.
FINOS project meetings may be recorded for use solely by the FINOS team for administration purposes. In very limited instances, and with explicit approval, recordings may be made more widely available.

[x] Convene & roll call (5mins)
[x] Display FINOS Antitrust Policy summary slide
[x] Review Meeting Notices (see above)
[x] Approve past meeting minutes
- [x] https://github.com/finos/open-regtech-sig/issues/65
[x] ISDA DRR Presentation - David Shone, ISDA
- [x] DRROverview.pdf
[x] CDM for the Buy Side - Emmanuel Geinoz, Pictet
[x] AOB, Q&A & Adjourn (5mins)

Benefits of CDM and DRR:

Standardized representation of trade events and contracts, reducing complexity and inconsistencies.
Increased efficiency and reduced cost of regulatory reporting.
Improved interoperability between systems and platforms.
Ability to adapt to future regulatory changes with less effort.

Call to Action:

The industry needs to collaborate and share best practices for CDM and CRR adoption.
More focus on quantifying the business benefits of CDM and DRR.
Develop resources and tools to support implementation.
Encourage regulators to embrace CDM and DRR in their rule making.

[x] FINOS to survey to gauge industry interest and understanding of CDM and DRR.
[x] Organize workshops and hackathons to promote CDM and DRR adoption.
[ ] Develop case studies and white papers highlighting the benefits of CDM and DRR.
[ ] Advocate for regulatory support for CDM and DRR.