‘Founder’ banks join EDM Council program to benchmark data management

The Data Excellence Program—the first to recognize data management at an enterprise level, rather than being an accreditation program for individuals—will help firms solidify data management as a program rather than a series of projects.

A group of financial institutions, service providers and consulting firms have signed up to participate in a new data management program run by the EDM Council that will allow them to rate the quality of their data management practices, benchmark themselves against their peers, and create roadmaps to improve their data management over time.

The EDM Council’s new Data Excellence Program has just completed its first phase—dubbed its Founders phase—with a total of 16 participants, including the

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Cutting through the hype surrounding the FDTA rulemaking process

A bill requiring US regulators and institutions to adopt a machine-readable data framework for reporting purposes applies to entity identifiers, but not security identifiers, in a crucial difference, writes Scott Preiss, SVP and global head of Cusip Global Services.

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