European DataWarehouse believes that high standards of corporate governance are critical to the achievement of its business objectives and, in turn, the creation and protection of shareholders’ interests, as well as those of its customers, employees and the general public, through effective oversight, risk management and transparency.
Operating as a market infrastructure and designated as a securitization data provider by Eurosystem, the monetary authority of the Eurozone, European DataWarehouse aims to increase transparency and restore confidence in the ABS market. The company is governed by its 17 shareholders, who are a mix of market participants including large corporations, professional organisations, and banks.
The shareholders appoint a Supervisory Board and an Audit Committee, hired from an external company to perform an annual financial audit. The Supervisory Board consists of shareholder members together with governors and observers from the European Central Bank and national central banks. It is responsible for strategy and monitoring ED’s operations. In addition, European DataWarehouse has a strict, transparent and non-discriminatory pricing model set by a Pricing Committee, which consists of eight representatives of the ABS industry.
The Supervisory Board oversees the company’s remuneration and nomination policies and its sustainability and social responsibility policies, as well as compliance issues such as adherence to the EU General Data Protection Regulation (GDPR).
Our shareholders deem this corporate governance system to be the most suitable to combine efficient management with effective controls while enhancing the company’s value.