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Richard Young
Industry Affairs, Regulation, Symbology, Data Strategy and Standards.
Richard Young is a finance professional with over 30 years of experience, currently serving as Industry Affairs, Regulation, and Symbology Strategist in Bloomberg LP’s Data division since September 2015.1 His work focuses on advancing Bloomberg’s open data and reference data services, particularly promoting standards like the Financial Instrument Global Identifier (FIGI) and Legal Entity Identifiers (LEIs) for regulatory compliance.1 Key aspects of his role include:
Regulatory and Industry Engagement
- Collaborates with regulatory bodies (e.g., ESMA, FCA) and industry associations (e.g., ISDA, ICMA) to align Bloomberg’s data services with compliance requirements for regulations like MiFID II, EMIR, and ESG initiatives.12
- Chairs committees such as the British Standards Institute Financial Services committee (IST/12) and participates in ISO working groups to shape data standards.1
Focus Areas
- FIGI Standardization: Advocates for FIGI adoption as a global identifier for financial instruments to streamline regulatory reporting.1
- LEI Services: Promotes Bloomberg’s role as an LEI issuer to support regulatory transparency.1
- Emerging Trends: Addresses challenges in crypto/digital assets and ESG data standards.1
Prior Experience
- Head of Regulatory Affairs at SWIFT (2011–2015): Analyzed regulatory impacts on payments, securities, and treasury markets, and developed compliance-focused services like trade reporting and sanctions screening.1
- Account Manager at SWIFT (1994–2001): Expanded SWIFT’s network by connecting broker-dealers and asset managers.1
His career spans roles at J.P. Morgan, London Stock Exchange, and NatWest Group, underscoring his expertise in financial data strategy and regulatory compliance.
Highlights
Great pleasure to attend the fabulous #bloomberg election debrief on Friday morning at the wonderful Raffles Old War Office hotel, across the road from Downing Street. Very positive atmosphere in terms of the incoming #Labour government. London Mayor Sadiq Khan, in conversation with Constantin Cotzias of Bloomberg, emphasised that in every sense Labour means business.
Taking Time To Appreciate Your Travels
Many of us travel for work and sometimes we don't leave time to appreciate our destination, even if the destination is not necessarily top of the tourist list.
Nevertheless it is worth trying to make time to appreciate something about the places you travel to.
A recent trip to the Federal Reserve Bank of Minneapolis enabled me to visit the Minneapolis Institute of Art, which is stunning. The setting, the layout inside and the wide ranging contents are all fabulous.
The displays include (as you can see in the photos below) some spectacular paintings by Monet and Van Gogh - but that only scratches the surface. On a Saturday morning it was also devoid of the crowds which spoil so many galleries in more popular destinations.
Had I not gone to MIA on my final morning I would have missed a real treat and the chance to see something amazing.
