The EDM Council is a 501(c)(6) non-profit trade association founded by the financial industry to elevate the practice of data management as a business and operational priority. The Council is a leading advocate for the development and implementation of data content standards and the publication of data management best practices.
Program of Work
Financial Industry Business Ontology (FIBO)™
FIBO™ is the open industry “common language” standard for defining the terms, facts and relationships associated with financial contracts. FIBO™ covers financial instruments (product reference data), market data pricing and financial processes.
Data Management Capability Assessment Model (DCAM)™
DCAM™ is the documentation of the capabilities and best practices required to establish a sustainable data management program. The model was created based on the collective experience of data practitioners across the global financial information industry. It focuses on the practical capabilities needed to ensure trust and confidence in data content as a factor of input into business processes. Version 1.1 is now available for EDM Council members for internal use without additional fees. The content and scoring methodology are also available via license for use in data management program assessments.
Data Management Regulation
The EDM Council is a trusted subject matter expert on the issues associated with data management. We provide consultation and advice to members, regulators and market authorities on the data implications associated with legislative and regulatory obligations. Our goal is to help all financial industry participants understand the practical data and standards implications associated with legislative and regulatory requirements.
BCBS 239 - Principles of Risk Data Aggregation
IOSCO Consultation on Derivatives
The Council is managed as a neutral business forum for financial institutions, data vendors, technology companies, strategic consultants, software providers, academia, regulators and market authorities. We provide a mechanism for all segments of the global financial information industry to meet and establish business relationships.