Regulation
As a neutral organization, the EDM Council is recognized as a trusted subject matter expert on the data issues related associated with market transparency, financial stability and cross-market surveillance. The Council works closely with global regulators and market authorities to align regulatory oversight objectives with data reporting requirements.
The fundamental goal of the Council’s regulatory program is to help translate the legislative and analytical objectives of regulators into data requirements that match the reality of the way financial institutions operate. Our activities focus on the development and implementation of data standards for identification of financial instruments and business entities as well as on the development of precise language of the underlying contracts that govern our industry. We emphasize data comparability, industry collaboration, operational risk management, reporting efficiency and definitions of standards for data quality.
The EDM Council serves on a number of regulatory advisory bodies (including the Financial Stability Board’s Industry Advisory Panel, the CFTC’s Data Standardization Subcommittee and the Office of Financial Research’s Financial Research Advisory Committee). A growing number of regulators and market authorities are members of the Council.
If you would like to discuss any aspect of the EDM Council regulatory and legislative activities please contact Mike Atkin
Federal Reserve 14 Q Reporting Forms for capital assessment and stress testing.