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)
Announcement: EDM Council Best Practices Agenda, DCAM v1.0
DCAM is the EDM Council’s synthesis of data management best practices. DCAM defines the capabilities required to establish, enable and sustain a functional data management discipline. DCAM is organized to reflect the interdependent flow data management processes and addresses the strategies, organizational structures, technology and operational best practices needed to drive data management. Version 1.0 reflects the feedback from our membership review process. Significant changes have been made to incorporate the concepts associated with “control environment” into the model and to ensure that DCAM is fully mapped to the data architecture, data quality and governance concepts expressed in BCBS 239.
Data Management Capability Model (DCAM)
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.
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.