The EDM Council provides 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 and support regulatory implementation that is applicable to the business and operational needs of financial institutions as well as the oversight requirements of market authorities. The Council is providing facilitation among financial institutions, regulators, market authorities, vendors and infrastructure companies to adopt the standards required to implement a “data control environment” and address the core challenges of data harmonization, flexible classification, consistent aggregation, data validation and linked-risk analysis.
The Council works closely with global regulators and market authorities to align regulatory oversight objectives with data reporting requirements. Council staff are currently members of the Office of Financial Research’s (OFR) Financial Research Advisory Committee (FRAC) and Chair of the FRAC Data and Technology Subcommittee; member of the Financial Stability Board’s LEI Private Sector Participatory Group; member of the LEI Steering Committee within GFMA, member of the CFTC’s Data Standardization Subcommittee; and a member of the Board of Advisors for the Data Transparency Coalition.
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