This page contains articles and press releases relating to the EDM Council, our member firms and the industry as a whole. Documents are presented here in order, most recent first.
EDM Council Launches Cloud Data Management Work Group to Develop Best Practice Framework to Accelerate Cloud Adoption
30 July 2020
EDM Council, the leading trade association for data management, has launched the Cloud Data Management Capabilities (CDMC) Best Practices Work Group. The Work Group will develop an open source CDMC Best Practice Framework to
accelerate Cloud adoption and automate the associated controls. This new group is being co-chaired by Morgan Stanley and Refinitiv, with project management provided by Capco. Participants include Amazon Web Services (AWS),
Google Cloud, IBM Cloud, and Microsoft Azure, as well as over 20 leading financial industry firms.
EDM Council Report Reveals Major Shifting of Data Management Landscape to Drive Advanced Analytics
23 March 2020
EDM Council, the cross-industry trade association for data management, has released its 2020 Global Data Management Benchmark Report that has uncovered numerous new trends in data, analytics, and responsible data management
strategies that are evolving across a variety of industry verticals. The study examines the shifts in data management priorities, drivers and operational activities – including the expanding role of the CDO and an increase
in new data and analytics strategies – that have shaped the international data management landscape since 2017 when its last report was published.
EDM Council Partners with Solidatus to Offer Advanced Knowledge Modeling Tool for DCAM V2
26 September 2019
EDM Council, the cross-industry trade association for data management, has partnered with Solidatus, the leading data lineage and business relationship modeling solution, to provide EDM Council members with a DCAM® (Data Management
Capability Assessment Model) Knowledge Modeling tool.
The Data-centric Solution to Asset Managers’ 2018 Challenges
26 March 2018
Gresham Technologies' Jan Dinger and Scott Knous of Olmstead Associates sat down with EDM Council’s Executive Director, John Bottega, to assess these shifting pressures, and discuss why being more data-centric can help firms
execute their transformation initiatives with a greater probability of success. Article Published by Head of Trading and ISS Magazine.
The Emergence of the Chief Data Officer
22 March 2018
What we know for sure is that the board-level role of Chief Data Officer is on the rise. Google Trends shows waning public interest in CIO and CTO searches as CDOs rise from the depths of obscurity into the limelight. Gartner
estimates that "90 percent of large companies will have a CDO role by the end of 2019." A report published by Exago.
John Bottega Appointed EDM Council Interim Managing Director
30 November 2017
Michael Atkin Continues as Key Council Contributor Focusing on Research and Education
EDM Council Advances Industry Standard to Harmonize Financial Data
26 October 2017
Incorporates Semantic Web Tools and Principles to Accelerate Adoption The Enterprise Data Management has released a new version of its Financial Industry Business Ontology (FIBO) along with new tools and functionality to accelerate
adoption of the industry standard.
Industry Research Finds Significant Progress in Data Governance, but Major Challenges in Data Quality Remain
27 July 2017
2017 DCAM Data Management Benchmarking Study Spotlights Progress and Identifies Key Challenges
EDM Council, Columbia University Partner for Data Management Course
18 July 2017
A dozen Columbia University students are making history by incorporating a data management module into their finance- related degrees, developed in partnership with the EDM Council. A report by Joanne Faulkner, Inside Reference
Schema.org, EDM Council Partner to Create Smarter Searching for Financial Markets Websites
03 May 2017
Lending and retail banking businesses earmarked for first full-scale implementations
EDM Council, OMG Build a Rosetta Stone for Data
21 July 2015
Article published in FTF News: FIBO’s goal of becoming the Rosetta Stone for data and its importance for standardizing data reporting in light of current and upcoming regulations.
EDM Council to Perform Data Management Benchmarking Study of the Global Financial Industry
17 June 2015
Benchmarking Measures Capability Based on Industry-Wide Best Practices
EDM Council Hopes to Spark an Ontology Revolution
12 June 2015
FTF News: The first of 30 FIBO Foundations standards is emerging and its backers say what’s to come will be the most important development for data management.
EDM Council Releases its First Formal Ontology Standard
03 June 2015
FIBO Foundations Approved as Official OMG Standard
EDM Council Appoints Mike Meriton to Head Commercial Services
08 April 2015
Press Release: Founder of Council to manage commercial strategy and implementation for next phase of development
DCAM Harmonizes the Data for the Prime Goal
25 February 2015
Published in FTF News by Eugene Grygo
OFR's Advisory Committee issues a unanimous recommendation on ontology
04 March 2014
Article published by Semantic Web
09 January 2014
'Interest Grows in Riding the Semantic Wave'
How FIBO Will Clean Up Finance
18 October 2013
Article published by Collaborative Planning & Social Business (http://social-biz.org)
FIBO Foundations Approved by OMG as Standard
16 October 2013
FIBO on Track to Become a Global Financial Technology Standard
EDM Council Holds Inaugural FIBO Technology Summit
09 July 2013
Technology Experts Explore Process for Sustainable Industry Collaboration on the Use of Semantics for Systemic Risk Applications
GARP Article 'Semantics: The Next Big Issue In Big Data For Compliance'
01 July 2013
David Saul, chief 'Scientist' at State Street Corp reviews the technology of semantics.
Enterprise Data Management Council FIBO Initiative Receives Top Honors at Ontology Summit 2013
11 June 2013
Hackathon spotlights new automated ontology development and evaluation processes and standards
FIBO Technology Summit
11 June 2013
Financial industry and Sem Tech leaders discuss ontology evaluation tools, FLORA-2′s potential, and more.
FIBO, BigData and Smart Data Article in American Banker
6 March 2013
Article from Tom Steinert-Threlkeld in American Banker: Tame Risk with Smart Data, Not Big Data.
CUSIP Global Services, Partners with CICI Utility to Enhance and Expand Legal Entity Identification
28 February 2013
Collaboration will Support New NAIC Reporting Requirements and Issuer Identification
EDM Council Appoints Dennis Wisnosky to Lead FIBO Standards Implementation
11 February 2013
Press Release: Former CTO of Department of Defense Business Mission Area to Direct New Suite of Standards
Treasury Announces Members for New Financial Research Advisory Committee
14 November 2012
The U.S. Treasury announced the thirty distinguished professionals in economics, finance, financial services, data management, risk management, and IT, who will serve on the Financial Research Advisory Committee of the Office
of Financial Research (OFR).
The Evolving Role of the CDO
25 October 2012
An interview with John Bottega, CDO Bank of America published by Wall Street Technology
EDM Council Plans to Show Semantic Solution for LEI at Next Week's FSB Meeting
10 October 2012
Published in Reference Data Review
CFTC Names DTCC/SWIFT as CICI Provider
24 July 2012
The CFTC named DTCC and SWIFT as the official providers of the CFTC Interim Counterparty Identifier (CICI).
BofA's New Black-Belt Data Chief Targets Blinding Gaps
08 May 2012
The appointment of John Bottega to Bank of America Corp. Article published by Bloomberg.
For Wall Street Overseer, Progress Comes at a Crawl
03 January 2012
Leading a new federal agency intended to help prevent another financial crisis may seem like a dream job for most economic gurus, but the nomination has been painfully slow. Article posted to New York Times
Big Data: Harnessing a Game-Changing Asset
30 December 2011
Article published by Economist Intell Unit on the opportunities good data management bring to a firm
Obama Nominates Berner for New Treasury Post
17 December 2011
Article in Financial Times
Does John Bottega's Hire as B of A's Chief Data Officer Mean the CDO is Back?
15 December 2011
Article in Bank Technology News
Bank of America Names John Bottega Chief Data Officer
13 December 2011
Press Release: Bank of America announced today that John Bottega has joined the company as Chief Data Officer.
15 October 2011
Report from G-20 meeting in Paris on priorities for financial stability.
Update on the Dodd-Frank Data Developments Like LEI from EDM Council
05 September 2011
An article by Tom Groenfeldt, Forbes
Global Bank Regulation - Stranded in the U.S?
28 June 2011
An article by Tom Groenfeldt
Financial industry Trade Associations Coalition Releases Framework for a Global Legal Identifier System
03 May 2011
Press Release surrounding proposal for a global LEI solution
OMG to Bolster EDM Council Semantics Repository with Established Framework
29 March 2011
Report published by A-Team Group on EDM Council - OMG relationship
A Crisis is a Terrible Thing to Waste
01 July 2010
The sheer volume of data owned by banks and businesses can make its management unpalatable. But the consequences of ignoring it are increasingly grim. An article published in IBS Journal.
The Government's 'Canary in a Coal Mine'
10 April 2010
The Office of Financial Research (OFR) occupies just 20 pages in the Senate Banking Committee's massive 1,336-page financial reform bill-but its importance far outstrips the brief space devoted to it.
Data Management Update: 2010
26 March 2010
An update published by Aite Group.
EDM Council Elaborates on the industry Group's Progress
25 February 2010
An article published by A-Team Group
Senator Reed Sponsors Legislation Creating Executive Agency to Collect Data on Systemic Risk
25 February 2010
An article published on jimhamiltonblog.blogspot.com
Reed Proposes Financial Risk Data Clearinghouse
22 February 2010
The National Institute of Finance is an idea whose time appears to have come. An article published by Bank Systems & Technology/Wall Street & Technology
Swaps Sleuths Are the Fix for Too Tangled to Fail
18 February 2010
An article published by Bloomberg Business Week
Fed's Tarullo Pushes for Mandatory Reference Data Reporting and Standardisation
18 February 2010
An article published by A-Team Group
Smart Regulation: Is it Possible?
29 January 2010
Aite Group report on the pending changes in the legislative process
FSTC Article: Data Requirements for Systemic Risk
20 January 2010
Article produced by Mike Atkin for the Financial Services Technology Consortia's magazine "The Innovator"
A-Team Group: Harnessing Data for Better Valuations
02 November 2009
Data Management Survey 2009
Before Dealing with Systemic Risk, How About Getting Data on it?
16 September 2009
Article published in Securities Industry News
US NIF and ECB's Reference Data Untility Need Clarify and Strong Leadership
31 August 2009
An article published in A-Team Insight
New Regulatory Body Promoted to Standardize Financial Data
30 August 2009
An article published in Financial Adviser
Early Warning Market System Gains Steam in Wash, Wall St
24 August 2009
An article published in The Wall Street Journal
The Data Dilema
01 July 2009
An Article published in Incisive Media, Risk Management
Reengineering Financial Services
01 July 2009
Article published in CEO Magazine
In Search of the Gold Standard
30 Jun 2009
Article published in Enterprise Risk Management
Data Management : Thinking Small
01 April 2009
Tips for pragmatic data management. An article published in Financial-i
EDM: The Road Map Ahead
01 April 2009
Article published in Institutional Investor defining the pathway forward for data management
Institutions Join EDM Council to Collaborate on Changing Enterprise Data Manangement Practices
18 November 2008
EDM Council announces twelve new companies have joined to collaborate on data management issues in the changing regulatory landscape
Operational Risk and the Importance of Accurate Business Entity Identification
27 August 2008
An article written by Michael Atkin for Vision 2010, SIBOS edition
EDM Council Marks Third Anniversary
10 June 2008
Press Release: EDM Council sees data emerging as fourth horizontal function within financial institutions
Shifting Data from Task to Strategic Priority
04 June 2008
Excerpts from roundtable discussion hosted by Windows in Financial Services and moderated by EDM Council
Fifteen Global Financial Services Institutions Elect to Join the EDM Council Board of Directors, Reflecting EDM Momentum
14 November 2007
Fifteen global FSI's join the EDM Council’s Board of Directors demonstrating the momentum of EDM. John Bottega, CDO of Citi named Chairman.
EDM Council Completes Data Quality Metrics Pilot
02 May 2007
Press Release: Enterprise Data Management Council tackles the elusive challenge of generating verifiable business metrics
EDM Council Members Work with DTCC to Standardize Financial Instrument Terms and Definitions
24 April 2007
EDM Council Takes Positive Steps to Achieve Industry Agreement on Financial Instrument Ontology
Data Quality Is the Objective
26 February 2007
Contributed Article by Mike Atkin to DM Review on data quality and its relationship to supply chain management.
Delivering Business Value Through Enterprise Data Management
22 February 2007
White paper authored by BearingPoint on the drivers and challenges related to EDM implementation.
Business Information Challenge... Transforming Data into Knowledge
01 February 2007
Article published in "Financial World" magazine making the connection between EDM and risk management.
Looking Into the EDM Crystal Ball
26 January 2007
Contributed article written for Reference Data Review on current status and core trends related to EDM
Council Sets Agenda to Advance EDM as a Core Operational Infrastructure
24 October 2006
Press Release: EDM Council consolidates research findings, recognizes progress within the financial services industry and proposes plan of action to facilitate enterprise-wide data management
Building a Sustainable Data Management Strategy
01 July 2006
Contributed article to Vision 2010 on EDM drivers
CIO's Define Hierarchy of Priorities on Path to Achieving Enterprise-Wide Data Management
30 May 2006
EDM Council Executive Advisory Board convenes in NY and London to prioritize Council agenda and confirm key Enterprise Data Management (EDM) requirements
EDM Council Meets in New York to Discuss Business Case and Implementation Best Practice Research
13 March 2006
Press Release: EDM Council membership experiences over 70% growth in four months
Enterprise Data Management: Making the Transition from Why to How
01 March 2006
Contributed article to Waters Magazine on the rationale for EDM
EDM Council Names Michael Atkin Managing Director
13 February 2006
Industry advocate to guide Council’s evolution as the mechanism for the financial services industry to address its data management challenges
Momentum Builds Behind the EDM Council as European Executives Join in London
02 November 2005
Enterprise Data Management (EDM) strategies recognized as the route to achieving improved operational efficiencies and business success
Inaugural Session of EDM Council Outlines Key Industry Initiatives
23 August 2005
Press release following inaugural Advisory Meeting of EDM Council
EDM Council is Launched
08 June 2005
Press Release: Industry vendors and financial institutions team-up to support and promote Enterprise Data Management (EDM) as an industry initiative for today’s complex data management challenges.
EDM Council Press Contact
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Articles & Press Releases