CCAR & DFAST: Spreadsheet and EUC risk - ClusterSeven

CCAR & DFAST: Spreadsheet & EUC Risk

If you use spreadsheets in your Comprehensive Capital Analysis and Review (CCAR) or Dodd-Frank Act Stress Testing (DFAST) stress testing processes, you may lack the transparency and control you need to meet your regulator’s demands around stress testing.

ClusterSeven help you identify all the spreadsheet components that support your stress-testing process. It creates a comprehensive inventory of your critical stress testing spreadsheets to help you better manage, control and audit them for CCAR and DFAST.

The Challenges Of CCAR And DFAST

CCAR and DFAST are regulatory frameworks in the United States that were introduced to enhance the resilience of US banks to economic shocks and to enhance the transparency of their systems, process and the balance sheets to the Federal Reserve, the OCC and the FDIC. Key to delivering accurate results is having accurate, up-to-date data. Regulators, stakeholders and management demand transparency and auditability to CCAR and DFAST results. Banks also need to have a way of delivering these results efficiently, effectively and on-time.

CCAR & DFAST: Leverage The Power And Flexibility Of Excel

Spreadsheets feature in CCAR and DFAST, alongside corporate IT systems, because they provide a level of flexibility to the business, often in response to urgent changes in business processes and to new opportunities. Use ClusterSeven to bring the same level of control, auditability and transparency to your stress testing spreadsheets that you enjoy in your corporate IT applications, while retaining the power and flexibility of Excel to deliver business results.