Based on experience from applying the Common Warehouse Metamodel to metadata management at a large Swiss bank, the applicability of metadata reference models in complex application domains is analyzed. In order to explain the context of the case, the state-of-the-art of the Common Warehouse Metamodel and its application for data warehouse management are summarized. Based on the project experience documented in this paper, benefits of the reference model approach are described and recommendations for future developments of the Common Warehouse Metamodel are proposed.