Richard Robinson | Bloomberg | OMG | Open Data and Standards Development for All

Scott MacKenzie and Richard discuss the importance of standardizing financial data modeling to improve data quality, with Richard highlighting the challenges of keeping track of multiple identifiers for financial instruments issued by the same company. They also discuss the adoption and governance of financial data standards, with Scott MacKenzie highlighting the high demand for FIGI data and the importance of open source licensing for good governance. Richard Robinson and Scott MacKenzie then engage in a conversation about the significance of standards in the digital age, with Richard emphasizing the need for standards to ensure interoperability and facilitate innovation, while Scott expresses his amazement at the complexity of standards and their impact on everyday life.