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The goal of the EDM Councils Semantics Repository is to standardize the terms and definitions of all reference data attributes stored in the master files of financial institutions and passed among supply chain partners. Precise nomenclature translates into a common language between systems and sources, reduces the cost of doing business, and promotes confidence in data among business users. It is at the foundation of effective data management and an essential building block for business process automation. Click here to access the Semantics Repository 20 Jan, 2012 LEI Test File DTCC and SWIFT posted a test file of provisional LEI as well as a summary of attributes. 15 Jan, 2012 Council Update Current status of regulatory reform and Council projects (presented at Informatica Conference) 11 Jan, 2011 Report to Members Full Report (members only) Executive Summary. An update by Mike Atkin on the status of the EDM Council activities and... 21 Dec, 2011 CFTC Final Rulemaking for Data Reporting The CFTC released its notification of final rulemaking for issues related to data recordkeeping and ... 14 Dec, 2011 What's In/Out for 2011 EDM Council's annual review of the 'year that was.' 7 Dec, 2011 CFTC Semantics Presentation to the CFTC’s Data Standardization Subcommittee by our working group on semantics... 5 Dec, 2011 OFR Themes Our assessment of the outcome of the OFR’s inaugural conference held Dec 1 in Washington DC... 28 Nov, 2011 Derivatives: OTC Proof of Concept Slides Presentation by David Newman, Wells Fargo, to members on the use of semantics for describing and analy... 22 Nov, 2011 Joint letter on the use of LEI addressed to participants at the Financial Stability Board meeting 10 Nov, 2011 Regulatory Workshop a presentation by Mike Atkin at the Regula- tory Data Workshop, Washington DC 27 Oct, 2011 Keynote presentation by Mike Atkin at the CUSIP Global Summit, NYC 27 Sep, 2011 ECB IT Forum a presentation by Mike Atkin at the European Central Bank IT Forum, Frankfurt 15 Sep, 2011 Presentation by Barbara Ridpath, ICFFR An update on European regulatory developments and their implications 13 Sep, 2011 OTC Semantic Use Cases Examples of regulatory objectives that require precise contractual semantics 8 Sep, 2011 Latest presentation to EDM Council members identifying the latest developments in global regulatory change and the progress of the Council 8 Sep, 2011 Presentation by Lew Alexander Financial Stability Advisor, NY Fed to EDM Council members - Improving Financial Data : A public Sector Perspective 5 Sep, 2011 Consultation Papers on OTC Derivatives Reporting from Canada and Hong Kong 26 Aug, 2011 Report to Members Full Report (members only) Executive Summary An update by Mike Atkin on the status of the EDM Council activities ... 23 Aug, 2011 IOSCO Report on OTC Derivatives - The International Organization of Securities Commissioners has released a new port on OTC deriv... 1 Aug, 2011 Statement on LEI from OFR The Office of Financial Research issued a statement on progress and next steps associated with LEI 1 Aug, 2011 OTC Derivatives Proof of Concept The Council developed a POC for the CFTC on the use of our Financial Industry Business Ontology (FIBO) to ... 8 Jul, 2011 FSOC Annual Report The US Financial Stability Oversight Council released its first annual report on the current state of the US financial system... 8 Jul, 2011 Latest presentation by Mike Atkin to EDM Council members identifying the latest developments in global regulatory change and the progress of Council ... 23 Jul, 2011 The Building Blocks of Enterprise Data Management - Lessons from the Financial Industry - A presentation given by Mike Atkin at MIT Information... 8 Jul, 2011 Legal Entity Identifier Recommendation (and accompanying requirements document) to the OFR created by a coalition of global financi...   Jan - Jun 2011 23 Jun, 2011 The EDM Council has been appointed to serve on the CFTC's Subcommittee on Data Standardization The Commodity Futur... 12 Jun, 2011 Latest presentation by Mike Atkin to EDM Council members identifying the latest developments in global regulatory change and the progress ... 26 May, 2011 CFTC Roundtable on Swap Reporting Requirements The CFTC is holding a public roundtable on June 8 in Washington DC. Dial in is available. 13 May, 2011 LEI Solicitation of Interest This is the final SOI document for organizations interested in participating in the legal entity identifier standard crea... 3 May, 2011 LEI Requirements Final statement of requirements for the legal entity identifier. This paper (and associated press release) has been delivered to ... 20 Apr, 2011 OMG Standard for Semantics Repository Minutes of the first official working meeting between OMG and the Council to structure the workstreams... 7 Apr, 2011 SEC/CFTC Study on Describing Derivatives Title 1 (section 719b) of Dodd-Frank instructed the SEC and CFTC to examine the viability of ... 31 Mar, 2011 State of Data and Risk Management in the Financial Industry Presentation given by Mike Atkin to update the industry on the status of activities... 30 Mar, 2011 DFA and Data Implications EDM Council has formed a working group of its Board to examine the specific data issues associated with .... 22 Mar, 2011 Presentations from OMG / EDM Council Joint Working Group Meeting The development of a 'sustainable, data standards and model ... 11 Feb, 2011 IOSCO Paper on Regulators Role in Mitigating Systemic Risk IOSCO report on how securities regulators can identify, monitor, mitigate... 11 Feb, 2011 LEI Requirements Development Process This is a current status of the joint EDM Council/SIFMA process for managing selection of the ... 9 Feb, 2011 2011 LEI Requirements Template (draft) This is a draft template for collection of financial institution requirements for LEI. This will become ... 7 Feb, 2011 Building the Global Data Infrastructure : An update on data standards in relation to internal data management challenges. 31 Jan, 2011 Council Comments OFR Policy Statement on Entity ID This is our official response to the US Department of Treasury on behalf of the Office of Financial Research 7 Jan, 2011 Q1 2011 schedule for Subject Matter Expert (SME) reviews of the Semantics Repository   Jul 2010 -Dec 2010 > 23 Dec, 2010 Report from Senior Supervisors Group titled Observations on Developments in Risk Appetite Frameworks and IT Infrastructure. Pay particular att... 23 Dec, 2010 End of Year Report Status report on the issues and activities that make up the agenda of the EDM Council, containing heavy emphasis on the globa... 20 Dec, 2010 Annual look at what's in and what's out in data management. Our summary of the status of EDM as we conclude 2010 and prepare for 2011 16 Dec, 2010 Semantics Study by SEC/CFTC Formal comment letter to SEC/CFTC in response to Dodd-Frank mandatory study on using semantics to... 14 Dec, 2010 Regulatory Paper on Entity ID A number of US regulatory agencies have released a concept paper on entity identification. The paper sets out... 06 Dec, 2010 Feasibility Study on Semantics for Derivatives Section 719(b) within Title VII of Dodd-Frank instructs the SEC and CFTC to conduct a feasibil... 29 Nov, 2010 Report- Knowledge Representation and Information Management for Financial Risk Management Co-sponsored workshop by National Science Foundation and The ... 29 Nov, 2010 Proposed Rule on Swaps The CFTC published a comprehensive new regulatory framework for swaps and security-based swaps. Comments are ... 25 Nov, 2010 Semantics Repository - Introducing the Conceptual Model A presentation given by Mike Bennett 24 Nov, 2010 OFR Policy Statement on Entity ID This is the first official act of the Office of Financial Research (OFR). 10 Nov, 2010 State of Data and Risk Management in the Financial Industry a presentation for Global Investment Technology Leadership Roundtable 18 Nov, 2010 Assessing the Changes in Systemic Risk Management on Data Management a presentation given at FIMA London 26 Oct, 2010 Global Data Management Benchmarking Survey: Full survey results Comparable metrics on how financial institutions are implementing their data management programs 20 Oct, 2010 What's next for Reference Data Management : Webinar discussion on the results and findings of the Global Data Management Benchmarking survey 18 Oct, 2010 Global Data Management Benchmarking Survey: Presentation Given on the results and findings of the industry survey. 14 Oct, 2010 Latest presentation to brief EDM Council members on activities associated with data management 28 Sep, 2010 Revised schedule for Subject Matter Expert (SME) reviews of the Semantics Repository 23 Aug, 2010 Latest Report to EDM Council members on the status of projects, initiatives and activities. This report contains our assessment of the Offic of ... 22 Jul, 2010 Data for Financial Risk Management Results of conference sponsored by Pew Trust, National Science Foundation and University of Maryland on... 21 Jul, 2010 National Science Foundation Conference: Knowledge Representation & Information Mgmt for Financial Risk Mgmt by Mike Atkin and Semantics Repository by Mike Bennett 14 Jul, 2010 Building Blocks of Data Management a short presentation given to MIT Information Quality Industry Symposium on the background to reg... 12 Jul, 2010 Regulatory update: Final language of Dodd-Frank legislation ... Final language of Office of Financial Research ... Excerpt of Global Regulatory Activities 9 Jul, 2010 Presentation Analysis (both report and slide presentation) by Davis Polk on the Dodd-Frank regulatory reform legislation Jan 2010 - Jun 2010 > 16 Jun, 2010 Recent Presentation given to the Office of Financial Research 10 Jun, 2010 Presentation given by Mike Bennett at Semantic Technology Conference 2010 10 Jun, 2010 Presentation by EDM Council at Regulator Data Workshop in Washington DC on industry initiatives and status 3 Jun, 2010 Regulatory Reform – House/Senate Comparison Side-by-side summary of the key regulatory reform proposals in both the House and Senate ... 20 May, 2010 Restoring Financial Stability Act Summary of the financial regulatory reform legislation passed by the Senate. Summary by Davis Polk and ... 11 May, 2010 Report on EDM Council Activities from Status report on the issues and activities that make up the agenda of the EDM Council including a summary of ... 26 Apr, 2010 Working Documents from our discussions on entity identification 16 Apr, 2010 CESR Consultation Paper on MiFID Reporting including their opinion on the need for a standard entity identifier and the role of BIC 26 Mar, 2010 Reference Data Utility Updated presentation by Francis Gross of the European Central Bank on the "reference data utility" concept 17 Mar, 2010 US Senate Financial Reform Analysis Summary of key points contained in Senator Dodd's "Restoring American Financial Stability Act" includ... 15 Mar, 2010 Senate Regulatory Reform Bill Senator Chris Dodd introduced "Restoring American Financial Stability Act." A copy of the legislation is posted. Secti... 9 Mar, 2010 Supply Chain Management for Reference Data A presentation given by mike Atkin at TSAM London 2010 8 Mar, 2010 2010 Next Generation Data Management Survey - Beyond Golden Copy New research sponsored by Thomson Reuters on the current state ... 25 Feb, 2010 Letter from six Nobel Laureates to Senators Dodd and Shelby of the Senate Banking Committee in support of the National Institute of Finance Act 12 Feb, 2010 Testimony of Federal Reserve Board Governor Daniel K. Tarullo before the U.S. Senate Banking Committee on equipping financial regul ... 12 Feb, 2010 Senate Bill on Data is Introduced. Senator Jack Reed formally introduced S.3005 - a bill to create the "National Institute of Finance". A copy of the bill and Letter of Submission are posted. 29 Jan, 2010 Smart Regulation: Is it Possible ? Aite Group report on the pending changes in the legislative process 26 Jan, 2010 FSTC Article Article by Michael Atkin on the data requirements for systemic risk. Scheduled to appear in the Financial Services Technology Consort... 26 Jan, 2010 DMM Core Outline This is an extended version of the DMM outline. It provides a detailed summary of the components of EDM that need to be ... 22 Jan, 2010 NAS Workshop Report Final report from the National Academy of Sciences Workshop on the technical and data capabilities ... 12 Jan, 2010 DMM Base Model Updated framework for modeling data management maturity. This iteration defines the scope of the DMM and specifies the underlying obj...   2009 > 17 Dec, 2009 End of Year Report Status report on the issues and activities that make up the agenda of the EDM Council (including a summary of regulatory ... 15 Dec, 2009 What's In / Out for 2010 Our summary of the status of EDM as we conclude 2009 and prepare for 2010 11 Dec, 2009 US House Financial Reform Analysis Summary of key points contained in HR.4173 "Wall Street Reform and Protection Act." This analysis was ... 07 Dec, 2009 EDM Council Update presented to the ISITC forum 07 Dec, 2009 Semantics Repository Phase III Revised schedule for subject matter expert reviews Nov 1, 2009 EDM Council Briefing Presentation Updated version of the slides we've been using to brief our members on the status of activities Aug 25, 2009 Data Management Maturity Positioning Document Brief summary of goals and objectives of the Data Management Maturity Model (DM... Aug 1, 2009 Semantics Repository Report to Members Summary of current status and immediate next steps for the Semantic Repository Jul 17, 2009 NIF Executive Summary Position paper on the rationale and objectives behind our collaborative efforts to create a National Institute of Finance Jul 15, 2009 EDM Council Activity Summary Presentation by staff to the EDM Council's Board of Directors. It provides a summary of the current state of activity... Jul 15, 2009 Report to MembersStatus report on the activities and projects of the EDM Council Jul 7, 2009 Data Management Maturity Model Illustration Illustration of the type of output that will be created from the Council's collaboration with Carnegie... Jul 8, 2009 Announcement EDM Council and Carnegie Mellon Software Engineering Institute Partner to Create Process for Measuring Data Management Maturity Jul 3, 2009 Data Management Maturity Project Overview Council has formed a collaborative relationship with the Software Engineering Institute of Carnegie Mello... Jun, 2009 In search of the gold standard A Risk Magazine article on the importance of data in enterprise risk management Jun 22, 2009 Data Requirements for Financial Oversight Paper written by the EDM Council outlining the data requirements for systemic oversight Jun, 2009 Thinking Small A Financial-i article highlighting the need for enhanced data management Jun 17, 2009 EDM and the Roadmap ahead A presentation provided to EDM members May 27, 2009 Semantics Repository Phase II schedule for subject matter expert reviews. Apr 15, 2009 Progress Report on Business Semantics Document outlining the current status of the EDM Council's Semantics Repository including an upd... Apr 9, 2009, Progress Report on the activities of the EDM Council Status report on the activities and projects of the EDM Council Apr 3, 2009, ECB Slides from FIMA Securities Reference Data Utility Presentation by Francis Gross, ECB, given at FIMA outlining the concept for a ... Apr 1, 2009, Institutional Investor Article EDM The Road Map Ahead Article written by Michael Atkin for Institutional Investor, defining the pathway forwar... Apr 1, 2009 SIFMA Corporate Actions Keynote presentation by Michael Atkin to the SIFMA Corporate Actions Division on the status of data management, the ... Mar 25, 2009, When "Who's Who" Is Not Enough: Counterparty Data in the Spotlight A presentation given by Martijn Groot, Asset Control ... Mar 19, 2009, FIMA NYC EDM The Road Map Ahead Keynote speech by Michael Atkin given at FIMA, identifying what we have learned and how we need to prep... Mar 3, 2009, TSAM presentation Managing Risk and Promoting Transparency in Turbulent Times Keynote presentation by Michael Atkin to TSAM on the need to ... Mar 2, 2009, Report to Members Status report on the activities and projects of the EDM Council ... Feb 19, 2009, Data Foundation Paper Data Foundation Paper provided to global regulators to introduce the concepts for developing greater oversight of data... Feb 23, 2009, Democratization of Business Intelligence Strategy paper explaining what financial institutions can do to address their information availability... Feb 2, 2009, Business Entity Identification Implementation Specification Joint Research between EDM Council and Swift to validate requirem... Feb 2, 2009, Data Variance Metrics The EDM Council and IBM have completed our second data quality pilot. 8,500 fixed income instruments and 20 core data ... Jan 30, 2009, Data Maturity White Paper EDM Council member Lakefront Data Ventures has produced a paper on data management maturity. They are ... Jan 22, 2009, Enabling Improved Regulation and Lowering Systemic Risk Presentation used in recent discussions with the European Central ... Jan 20, 2009, Data Maturity Basic Levels, Categories and Processes The Council has defined five levels of data maturity (initial, reactive, defined ... Archived News >>   Calendar 2011               more ... Schedule of events will be published shortly Jan 2012: For Wall Street Overseer, Progress Comes at a Crawl Leading a new federal agency intended to help prevent another financial crisis may seem like a dream job for most economic gurus, but the government made a nomination only ... Dec 2011: Big Data: Harnessing a game-changing asset Article published by Economist Intell Unit highlighting the opportunities good data management bring to firms Silos Are Good For Farmers, Not So Good For Banks Next year will be the year of infrastructure, says Mike Atkin, managing director of the Enterprise Data Management Council. This will be the year that regulations will be written, probably... Obama nominates Berner for new Treasury post Richard Berner, former chief US economist at Morgan Stanley, has been tapped to run the Office of Financial Research, a new federal office charged with mining market data to help US policymakers avert potential crises... Does John Bottega's Hire as B of A's Chief Data Officer Mean the CDO is Back? Bank of America's appointment of John Bottega to be its chief data officer may signal a return to an earlier trend in which banks took data management issues seriously enough to put a C-level person in charge... Bank of America Names John Bottega Chief Data Officer Bank of America announced today that John Bottega has joined the company as chief data officer. In this role, Bottega is responsible for the bank's data management strategy, policy and governance. Oct 2011: G-20 Communiqué Issued by finance ministers and central bankers within G-20. It outlines their orientation moving forward and core principles on how to restore confidence, financial stability and growth and specifically endorses the global LEI recommendation (page 2). Sep 2011: EDM Council Adds Corporate Actions to Semantics Repository The LEI - Looking into 2012 Update on the Dodd-Frank Data Developments Like LEI from EDM Council June 2011: Tom Groenfeldt: "Global" Bank Regulation - Stranded in the U.S.? March 2011: A-Team Group: OMG to Bolster EDM Council's Semantics Repository with Established Governance Framework, Says Soley November 2010: Faster data: The demands of the US financial reform bill will finally force financial services companies to get serious about marshalling their internal numbers July 2010: IBS Journal Reports : A Crisis is a Terrible Thing to Waste and Data Management Focus Interview ... www.ibsintelligence.com June 2010 : Data Management a Top Priority for Wall Street Firms May 2010 : Council Marks Milestones in Membership and Data Management Maturity Council Welcomes Nine New Members in 2010 and Expands its Board of Directors as Legislators and Industry Embrace Data Standards in Support of Regulatory Oversight Writing in the Financial Times, CE-NIF co-founders Allan Mendelowitz and John Liechty argue that the 2008 crisis revealed the inadequacy of current data and analysis tools for understanding threats to financial stability Mar 2010 : The Government's 'Canary in the Coal Mine' Senate Bill on Finance to Include Agency That Tracks Financial Risk Feb 2010 : Technology - And Preventing Another Crisis Survey Reveals Data Quality and Consistency Key to Risk Management and Transparency Thomson Reuters and Lepus Survey Data Management 2010: The Ins and Outs Senator Reed Sponsors Legislation Creating Executive Agency to Collect Data on Systemic Risk NASDAQ Reed Proposes Financial Risk Data Clearinghouse Bank Systems & Technology/Wall Street & Technology Senator Reed Proposes Center to collect Financial Risk Data NASDAQ Senator Reed seeks risk-monitoring agency Providence Business Journal Bill would create data-monitoring institute to track risks in financial system Congressional Daily European Regulators Ready to Engage with Data Management Community A-Team Group Fed's Tarullo Pushes For Mandatory Reference Data Reporting and Standardisation A-Team Group Swaps Sleuths Are the Fix for Too Tangled to Fail Businessweek 2010 Securities Industry News: Blog commentary following release of latest Aite Group report   Click here to read all Press Releases What Makes a Model Semantic? We are making good progress on the next draft of the Semantics Repository. Meanwhile we have been mapping to and from various data model formats. By: Michael Atkin, May 21, 2010 Entity ID – A Task for ISO With the Semantics Repository rapidly reaching beta status, more and more people are asking the obvious question: By: Michael Atkin, Apr 16, 2010 Semantic Models and Data Models We are currently working our way though a number of "Proof of Concept" exercises with the Semantics Repository. By: Mike Bennett, Mar 15, 2010 The Semantics Repository - What's it For, Anyway With the Semantics Repository rapidly reaching beta status, more and more people are asking the obvious question: By: Mike Bennett, Mar 5, 2010 Legislative and Regulatory Roundup As Victor Hugo pointed out, "there is nothing more powerful than an idea whose time has come" ... By: Michael Atkin, Mar 3, 2010> Is Information Management Just Hype? A light hearted look. The ability to manage data effectively is a desire, need, request or demand each of us is dea... By: Michael Atkin, Sep 8, 2009 NIF Petition on Data-Related Issues EDM Council has endorsed and is participating in a coalition of industry, academia, and other interested parties to create an agency within the US Federal Government to deliver the ... By: Michael Atkin, Aug 11, 2009 EDM Council Joins NIF The EDM Council has been invited and has joined a coalition of industry and academia calling for the creation of a "National Institute of Finance" in the United States. By: Michael Atkin, Jul 27, 2009 Modeling Data Management Maturity EDM Group on LinkedIn Institutional Investor Reflections Semantics Repository

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