Commentary & Analysis

Effect of Russian sanctions on compliance

The Russian sanctions have brought the whole concept of sanction screenings into a world where traditionally people didn’t pay much attention to it. Now they have taken on a whole new complexion with the inclusion of narrative and ultimate beneficial ownership requirements. Are you prepared for the effect on compliance?

Learn more about Thomson Reuters Risk Management Solutions.

Mind Your Business: A podcast on Corporate Responsibility & Inclusion

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We recently launched our newest podcast, Mind Your Business, a regular review on the intersection between Corporate Responsibility and Inclusion and modern business. It’s hosted by Patsy Doerr, global head of Corporate Responsibility and Inclusion at Thomson Reuters.

The first episode takes a broader look at our own Corporate Responsibility and Inclusion structure, then Patsy is joined by James White, Global Diversity & Inclusion at Credit Suisse. Listen here: (more…)

Do you know your state of readiness for Solvency II?

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By Conor Coughlan, Global Head, Proposition Marketing, Thomson Reuters

In this fast paced world, where we face what seems to be an ever growing regulatory landslide, not sinking into the earth or being swept away but actually staying on top of all the necessary changes, is a major challenge. Recently you may have noted my focus on Solvency II, which is due to be implemented across the European Union and (EEA) from January 2016 onwards. Don’t be fooled into thinking this is just a matter for European firms because it has many implications for American or Asian insurers who have European subsidiaries!

Described by many as the “Basel for Insurers” Solvency II is a beast of a regulation. It has a complex structure, with a three pillar alignment and its requirement for entirely new or consolidated data sets and reporting models means it’s a ‘game changer’ for the insurance sector and their service providers.

solvency II regulatory reportingWhen we first started tracking Solvency II we were surprised at how revolutionary but warranted the regulation would be.

I was personally surprised at how infrequent insurance firms had to report on their holdings (in the past) and that many did not know what funds they had ultimately invested in.

Equally it was clear that this regulation would not only impact Insurers but also their asset managers and their related asset servicers’ (fund administrators & custodians).

In many ways the entire investment supply chain in the insurance industry now has to change to meet these far reaching regulatory obligations.

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Gauging the depths of data

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The UK Hydrographic Office has been creating charts (no they are not maps!) of the sea for the last 200 years and in the process has gained the best global coverage and the highest levels of trust amongst its customers – the Royal Navy and merchant shipping. Marine charts have been paper-based for the majority of the last 200 years, each one in the world series having a particular fold, not only suited to the cartography particular to the area of ocean in question, but also to the chart table and chart storage drawers on the ship.

As a newly appointed non-executive director of the UKHO, I could see the parallels between chart creation and financial data management. Both industries are impacted by regulation: the shipping industry has regulations regarding the carriage of up to date charts as part of their obligation towards Safety of Life at Sea (SOLAS); and digital charts are now mandated, the regulation being phased by tonnage. Clearly collecting reliable data is important, as is processing it and ensuring the resulting chart is accurate – mariners lives depend on knowing where the rocks are. There are charting acronyms too – “UBO” is an Unidentified Bottom Object – an unidentifiable something at the bottom of the sea.  (more…)

Epidemics and the risk of commodities supply chain disruptions

“Global Risks 2015 Report” (WEF) lists spread of infectious diseases as one of the main threats to the “smooth functioning of global supply chains.” Organizations that are aware of supply chain challenges and take proactive measures to address them and eliminate related potential risks are in a much better position to increase their profits, avoid reputational damage and overall operate more efficiently.

Watch our two minutes video explaining how to be prepared for the risks of commodities supply chain disruptions:

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…)