EDM Council: Link Data To Ease Compliance

Mike Atkin

Getting ready for data mandates set by the Dodd-Frank Act, Basel III, FDIC Part 371, CFTC Part 45 and other new rules requires linking of data on financial instruments, disclosures, obligations and holdings, says Mike Atkin, managing director of the Enterprise Data Management (EDM) Council.

"Adoption of a common language is the most important thing, bar none, that every financial institution should be paying attention to," he says. "They should be working with vendors to adopt that language so t