Good example on Finextra this week of another spreadsheet debacle, this time involving Barclays and Lehmans (see article).

Not sure when the financial markets will get serious about managing unstructured data and spreadsheet usage. We can all apply Enterprise Data Management until the cows come home, but if the “real” business is being managed in spreadsheets then really why bother with grand aims like EDM?

Even the regulators are not totally against the usage of spreadsheets, they simply want unstructured data to be managed properly as part of an institution’s formal processes and not ignored until the inevitable problems arise…