Data Lineage and Regulatory Reporting
Across the world, the swathes of regulatory reporting – such as Dodd-Frank, Form PF,...
Why Does It Matter?
Regulators are increasingly aware how spreadsheets form part of regulated processes and now often need evidence of management controls and data governance, to ensure that regulatory submissions are error-free and a fair reflection of the business.
Spreadsheets provide huge power and flexibility to users. However, their lack of management and audit controls means that highly-regulated businesses lack the controls in their spreadsheet estate. This can expose them to regulatory, shareholder, reputational and legal issues caused by flawed regulatory compliance processes including:
What Causes Spreadsheet Risk?
Spreadsheet risk is more likely to occur if you use:
The Solution: Automated Spreadsheet Risk Management
ClusterSeven offers regulated business automated spreadsheet risk management solutions that allow them to apply the same level of data governance and management control that feature in their corporate IT systems. Our solutions cover a range of compliance regimes including SOX, Basel III, CCAR/DFAST, Solvency II, GDPR and many others.
The ClusterSeven solution will assist us with our own internal business risk management and governance, and in complying with the regulatory mandate.
Organizations need solutions like ClusterSeven for spreadsheet and EUC controls that are usable at all levels of the organization, in addition to supporting the needs of audit, risk, and compliance professionals.