The long-standing CUSIP ID numbers could be replaced by the FIGI, the free reference data standard used by Bloomberg for financial instrument identification.
CUSIP Global Services (CGS) has responded to a request for comment by the Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (CFPB) on the proposed 'Financial Data Transparency Act Joint Data Standards' released last week. The FIGI provides free and open access and coverage across all global asset classes, real-time availability, and flexibility for use in multiple functions The data standards recently proposed by the FDIC and CFPB, which are under cons