Commentary & Analysis

Renminbi ascending: The global rise of China’s currency

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A new report from Thomson Reuters, Standard Chartered, the Atlantic Council and the City of London explores how China’s currency impacts global markets, foreign policy and transatlantic financial regulation

Being curious people and deeply involved and enabling the intersection of currencies, commerce, regulation and development, we asked ourselves:  “What does the rise of the renminbi (RMB) really mean for financial markets and centers, regulatory development, investment inside and outside and foreign policy?”.

Others too were interested in this question and we partnered with Standard Chartered, the Atlantic Council, and the City of London to jointly research and understand these questions and gain greater insight, awareness and profile for our businesses globally

Six months later we are proud to share the final report, which was released on June 22. (more…)

Exchange Magazine: The Art of Data

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In the newest issue of Thomson Reuters Exchange: The Art of Data, we celebrate data, the core of our business and the lifeblood of the industry. While our focus is typically on the science of data, we know there is also an art to making data useful, powerful and insightful.

It is estimated that 90 percent of the data in the world has been created in just the last two years. Data visualization tools, infographics and the like enable analysis of data through the mind’s highest bandwidth portal, revealing the hidden beauty of data. They power faster, deeper insight by allowing one to see the familiar in new ways, track change over time, compare disparate data sets, illustrate connections or trace flows, revealing the hidden beauty of data.

Inside this issue: (more…)

Advancing the agenda: Diversity in the boardroom

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Patsy Doerr is the Global Head of Corporate Responsibility & Inclusion

I had the distinct pleasure of hosting a panel earlier this week at the Thomson Reuters Step-Up Summit, a professional development event for our most senior women clients. The room was full of bright, engaging, ambitious women who we have the privilege of doing business with and working with every day. As part of our commitment to diversity as a company, we are invested in their success and professional development.

Gaining attention

Diversity in the Boardroom is a hot topic. In the news, at conferences and events, diversity & inclusion on corporate boards is increasingly gaining attention. While we see gradual improvement in this space, our own research shows that four in ten companies globally still have no women on their boards. This is not impressive given the make-up of today’s professional workforce. (more…)

Innovation in our hands

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The future of innovation is in our hands.

Up there with leadership and strategy, innovation is one of the most over-used words in business today, throughout the world. I challenge any CEO to define what they mean by innovation. Many don’t seem to understand it. Innovation is too valuable to be misunderstood. It’s time to change that. (more…)

Confidence returns to deal making

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Welcome to Thomson Reuters Exchange! We created Exchange, as the name suggests, as a forum for dialogue, a digital publication where ideas and insights, information, news and analysis can be exchanged and shared across the global ecosystem of professionals in a dynamic, interactive format. We invite you to experience the rich content and interactive features on your iPad, iPhone or Android tablet by downloading it from the App StoreGoogle Play or on Amazon. Or, to learn more about Exchange and stay abreast of the latest features, functionality and content in this issue and subsequent issues, visit our website.

This week’s post is by Matthew Toole, Director of Deals Intelligence.

It was the year that deal makers have been waiting for. After grappling with six years of post-financial crisis fits and starts, global deal making began firing on all cylinders over the course of 2014 with significant gains across mergers and capital markets.

Despite improving economic indicators, record corporate cash levels, a rising stock market and low interest rates, C-suite confidence seemed to be the missing component to a resounding signal that the next deal cycle had arrived. All of that changed in the first quarter of 2014 with a number of large-scale strategic bids across a number of sectors – competing bids for New York’s Time Warner Cable and France’s SFR in the Media and Telecom sectors, Facebook’s audacious $19 billion takeover of WhatsApp in the Tech sector and the beginnings of an all-time record year for Healthcare and Pharma M&A with Actavis PLC’s acquisition of Forest Laboratories. (more…)

Taking their foot(print) off the gas

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Welcome to Thomson Reuters Exchange! We created Exchange, as the name suggests, as a forum for dialogue, a digital publication where ideas and insights, information, news and analysis can be exchanged and shared across the global ecosystem of professionals in a dynamic, interactive format. We invite you to experience the rich content and interactive features on your iPad, iPhone or Android tablet by downloading it from the App StoreGoogle Play or on Amazon. Or, to learn more about Exchange and stay abreast of the latest features, functionality and content in this issue and subsequent issues, visit our website.

This week’s post is co-authored by Tim Nixon, Director of sustainability at Thomson Reuters, and John Moorhead, sustainability consultant at BSD Consulting.

With the world’s government representatives having gathered recently to discuss cuts in their greenhouse gas (GHG) emissions for the upcoming Paris talks, the timing is ripe to discuss the role of the world’s business sector in likewise reducing emissions. Are the world’s 500 largest businesses (Global 500) reducing their GHG emissions at a rate consistent with the global scientific consensus on the risks of climate change?

As discussed in a new report from Thomson Reuters and BSD Consulting, the Global 500 are directly and indirectly (through the energy they use) responsible for more than 10 percent of worldwide GHG emissions. “Responsibility” in this context is a complex concept. Nearly all of us regularly use the products from the largest emitters of GHG. We are all a part of a stakeholder network that shares in the benefits provided by modern industry, but also in the responsibility for managing the impact of that industry on our planet, and the planet that subsequent generations will inhabit. (more…)

AIFMD & IFRS: Fair value measurement & portfolio valuations

Evaluated pricing sits at the heart of fair value measurement. This hasn’t necessarily always been the case. In an interview with Finextra, Jayme Fagas, Global Head of Valuations & Transparency – Thomson Reuters Pricing & Reference Services, takes a look at the changing role of evaluated pricing for practitioners and its importance for portfolio valuations.

The significance of evaluated pricing for portfolio valuations centers and relies on the ability to defend an evaluated price. From a fair value pricing perspective, the capacity to defend an evaluated price is what’s truly needed to meet the regulatory obligations that IFRS and AIFMD as well as numerous other regulations have placed on market practitioners.

Access to market observable inputs is identified by Fagas in her interview with Finextra as one means to defend a price. Although a number of vendors do in fact offer prepackaged measurement tools, Fagas is cautious of their shortcomings resulting from a lack of clarity around how an exact measurement has been derived. Instead she asserts that the best outcome involves a combination of the measurement plus all the available market observable inputs which collectively produce a full package. (more…)

‘But is it really a pollutant? A national overview of pollution exclusion litigation,’ by Thomas F. Segalla, Esq., and James D. Macri, Esq.

 

 

For a one-minute audio intro to the commentary, click here.

WestlawNext users: Click here to read the full article on WestlawNext.

Thomas Segalla

Thomas Segalla

James Macri

James Macri

 

Risk data aggregation, reporting, & governance

There has been much said about the challenges market participants face when trying to address regulatory change. The cost and resource implications of meeting new regulatory reporting requirements and enhanced risk management obligations are both significant and unavoidable. In an interview with Finextra, Marion Leslie, Managing Director – Thomson Reuters Pricing & Reference Services, explores data management in the context of today’s demanding post-crisis risk reporting climate.

As each new regulation introduces fresh complexities for firms – market participants need to source, manage and store the relevant data, demonstrate transparency and lineage of that data, as well as show confidence in their data and underlying processes.

In the interview below with Leslie, it is revealed that banks are still often more focused on the creation of risk management reporting procedures than the actual analysis and understanding of the risks considered. There is a need to move from the understanding and implementation of regulatory and risk management requirements into derivation of business benefit.

Whilst firms must comply with risk reporting, they are equally driven by the need to reduce costs, increase automation and operational efficiency, improve the accuracy of their regulatory reporting and, ultimately, make better trading and investment decisions. In order to achieve optimal results while managing data spend, Leslie encourages firms to see that regulatory requirements are not necessarily a cost or inhibitor to growth, but are in fact a growth enabler. Adopting a proactive approach to the management of risk enables a firm to make growth-oriented decisions rather than focus purely on post-event mitigation decisions. (more…)

Sustainable development

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Welcome to Thomson Reuters Exchange! We created Exchange, as the name suggests, as a forum for dialogue, a digital publication where ideas and insights, information, news and analysis can be exchanged and shared across the global ecosystem of professionals in a dynamic, interactive format. We invite you to experience the rich content and interactive features on your iPad, iPhone or Android tablet by downloading it from the App StoreGoogle Play or on Amazon. Or, to learn more about Exchange and stay abreast of the latest features, functionality and content in this issue and subsequent issues, visit our website.

This week’s post is by Dr. Ranjit Tinaikar, Managing Director of the Advisory and Investment Management business at Thomson Reuters.

Here’s how Big Data and open standards can lower barriers to sustainable development enabling the public and private sectors to work together to achieve greater legal and regulatory transparency: (more…)