Future of Securities Services Working Group


The WG has finished its work for 2021. It will be reconvened in autumn 2022 to revise the paper – looking at the predictions and seeing which have come true in the period, which were wrong and what new is on the horizon.

The elements for the FSS Project, which are not already under an existing WG, will be taken forward under two new thematic Working Groups, grouped under the «interoperability» nomenclature these will be: 

1. Digitization of Securities Services

  1. Digitization standards
  2. APIs
  3. Private Markets
  4. DLT (although a WG in its own right, and will continue as such)

2. Data Standards 

  1. ESG standards
  2. DLT Standards (linked with Digitization)
  3. ISO standards from the ISO stream (linked with Digitization and DLT)

Working Group Co-Chairs

Bill Hodash, DTCC
Colin Parry, ISSA


Autumn 2022: Reconvene the WG


  • The Future of Securities Services, ISSA / Oliver Wyman (11/2020) > pdf (3520 kB)
  • Sibos Podcast 09/2020: Discussion on the Future of Securities Services
  • The Future of Securities Services, White Paper, ISSA / Oliver Wyman (09/2020) > pdf (2840 kB) (Paper distributed for discussion)

Institutions Represented by Experts in the Working Group

  • BNP Paribas Securities Services
  • Citibank
  • Clearstream
  • DTCC
  • Euroclear
  • HSBC Bank plc
  • ISSA
  • Nivaura Ltd.
  • Oliver Wyman
  • SIX