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We find few ANSI-accredited financial service standards developers that have direct, meaningful effect upon #TotalCostofOwnership of the real assets of the education industry; though (like the education industry) the finance sector is heavily regulated by national governments; ideally informed by the leading practice discoveries of several industry consortia*.
The financial sector runs upwards of 15-20 percent of many national economies; the United States among them. This sector may beyond the capability of any one organization that provides transparency, balance and openness to its stakeholders (i.e. all 195 nations on earth).
We find that the existing suite of financial service standards coming from Geneva are too high level to have a direct and perceptible effect on money flow through a nearly $500 billion industry. At the very least this sector, like any other, needs a shared understanding of its core vocabulary and terms of art; even as a common understanding often requires context.
For the moment, let us acknowledge Technical Committee 68 of the International Standardization Organization for which the American National Standards Institute is the Global Secretariat. The prospectus of this standardization project is linked below:
ISO/TC 68 Financial services: Background, structure and information
There is not a lot that we can do in this domain but there are a few things we can do.
(1) We limit our interest to the arcane and rather dreary world of tax-free bonds that school districts, colleges and universities rely upon to fund capital improvements and “continuing operations”.
(2) The work of this committee may interest business school and/or international studies students.
(3) Finance staff on the business side of the education industry, who would like to keep pace with the rollout of smart contracts in grant and infrastructure enterprises, are encouraged to communicate directly with Accredited Standards Committee X9, Inc. for more information about the US Technical Advisory Group. Janet Busch is listed as the contact person (janet.busch@x9.org). Our colleagues in other nations interested in participating should communicate directly with Stefan Marinkovic at the ISO Offices in Geneva (marinkovic@iso.org)
We keep all ISO standards on the standing agenda of our periodic Global and Fintech colloquia. See our CALENDAR for the next online meeting; open to everyone.
Issue: [16-135]
Category: Finance, International, Blockchain
Colleagues: Mike Anthony, Christine Fischer, Richard Robben
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Financial Services: Sizing the Sector in the Global Economy
ANSI: Introduction to Standards
Time to break down best practice literature released by he Sustainability Accounting Standards Board (SASB) — one of the first names in organizations with a solid due process platform for leading practice discovery and promulgation of sustainability concepts for the private sector. Like the sustainability zietgeist itself; its topical areas are hydra-like — reaching into every sector, industry, and industry subsector — largely because money flows through all of them.
We approach the SASB bibliography as an open-source, consortia standards suite that challenges niche verticals known to most education community asset managers. Since the education industry has both a private and public revenue character, we follow SASB standards development and participate in proposal and commenting opportunities whenever possible.
Last year we selected six sector-specific SASB standards that, in our judgment, could lower #TotalCostofOwnership with improved management of sustainability advancement activity (See list below). We downloaded these standards, looked them over for actionable-specifics, but we did not submit comments of our own because of organizational changes we explain in our ABOUT and also because we could not find an individual institution or education industry trade association interested in collaborating with us on meaningful specifics. We will try again.
Until we find a collaborator you may be enlightened by the current status of the SASB suite; all of its products available to the public:
Download Current SASB Standards | Credentials required
At the moment two developments at the SASB are meaningful for sustainability professionals in education communities:
CLICK HERE for access to a listing of active projects in several stages. No titles have been released for consultation as of the date of this post.
We encourage technical and business subject matter experts in education communities to try not to re-invent the wheel in developing sustainability policy templates but rather to collaborate with organizations whose existing consensus products can be adapted for education communities. Perhaps post-pandemic, some of the redundancies we have been reporting to the education facility industry will be sun-setted.
We maintain the SASB suite on the standing agenda of our Fintech teleconferences. See our CALENDAR for the next online teleconference; open to everyone.
Issue: [Various]
Category: Finance, Informatics, Management
Colleagues: Mike Anthony, Jack Janveja, Richard Robben
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New update alert! The 2022 update to the Trademark Assignment Dataset is now available online. Find 1.29 million trademark assignments, involving 2.28 million unique trademark properties issued by the USPTO between March 1952 and January 2023: https://t.co/njrDAbSpwB pic.twitter.com/GkAXrHoQ9T
— USPTO (@uspto) July 13, 2023
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