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EDM Council wishes to thank
Thomson Reuters
and

Headstrong

for sponsoring the 2011 Industry Benchmarking Survey





About EDM Council
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
In Words of the Industry
 
2 May Latest Update Presentation identifying the recent developments in enterprise data management. Presented at London member briefing (updated version)
16 Apr EDM Council 2012 Benchmarking Report A detailed assessment of the state of data management across the investment ...
16 Apr EDM Council 2012 Benchmarking Presentation A summary of overall results from the 2011 Industry Benchmarking Survey
29 Mar Data Quality Working Meeting Presentation to guide the discussion on the new Data Quality activities
27 Mar DMM Launch Meeting Slides and Recording Core model review process kick off meeting including SEC Chief Data Officer Lew Alexander's case study on ...
20 Mar Data Management Maturity Draft Model This is a link to the draft Data Management Maturity Model. This version is 'members only.' We will be working over ...
14 Mar Citi's Implementation of DMM A short presentation on the drivers and benefits from implementing the DMM into Citi enterprise data governance program.
14 Mar Latest update presentation identifying the recent developments in enterprise data management. Presented at NYC member briefing.
13 Mar Demystifying Financial Industry Semantics a presentation given by Mike Bennett
13 Mar FIBO in Operations An overview of the semantics OTC Derivatives POC presented by David Newman, Wells Fargo
23 Feb Latest update presentation identifying the actions affecting data management and the implications for financial institutions and their suppliers
6 Feb EDM Council/OMG Semantics Conference Full program details for the Demystifying Financial Data: Business Value and Role of Semantics conference ...
20 Jan LEI Test File DTCC and SWIFT posted a test file of provisional LEI as well as a summary of attributes.
15 Jan Council Update Current status of regulatory reform and Council projects (presented at Informatica Conference)
11 Jan Report to Members Full Report (members only) Executive Summary. An update by Mike Atkin on the status of the EDM Council activities and initiatives

2011 >
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...
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
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...
9 Jul, 2010 Presentation Analysis (both report and slide presentation) by Davis Polk on the Dodd-Frank regulatory reform legislation
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 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 Senate Banking Committee in support of 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". Copy of bill and Letter of Submission 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...
Calendar 2012: Full Event Details >
Calendar 2012: At a Glance >
EDMCouncil on LinkedIn EDMCouncil on Twitter
May 2012:
BofA's New Black-Belt Data Chief Targets Blinding Gaps
John Bottega's path to becoming Bank of America Corp. (BAC)'s first data chief started two decades ago in a smoke-filled back office of Lehman Brothers Holdings Inc.
Jan 2012:
"My Administration has already lined up more companies that want to help ... to create model partnerships that teach people skills that businesses are looking for right now ... from data management to high-tech manufacturing." President Barack Obama, State of the Union Address to Congress. Video here
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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