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Drawing on the values and global footprint of the world’s largest provider of news and information, our Foundation brings training solutions to companies, governments and organizations worldwide.

We’re pleased to announce the latest round of corporate communications instructor-led workshops in London, which are designed to make an immediate impact on participants’ professional capacities. We favor an interactive approach where delegates work on relevant case studies and get instant feedback from their peers and instructors.

Available courses: (more…)

Apple results – graphic of the day

Apple shares dropped today due to missed targets for iPhone sales and fourth-quarter revenue forecast falling short of estimates. Today’s graphic highlights Apple’s quarterly results in three different charts.

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Would you like infographics like this on your website, blog or other social media? Contact us and visit our Reuters Agency blog for insights and discussions on the changing media industry.

 

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…)

What does my mom/dad do at work?

In honor of 30th anniversary of Thomson Reuters Reference Attorneys, we decided to ask some of their kids “what does a Reference Attorney do?”

China’s corporate debt mountain – Graphic of the day

The world’s biggest corporate debt pile – $16.1 trillion and rising – is a growing threat to China’s slowing economy. Corporate China’s debts, at 160% of GDP, are twice that of the United States, having sharply deteriorated in the past five years. Today’s graphic is based on a Thomson Reuters study of over 1,400 companies showing China’s rising corporate debt mountain.

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Would you like infographics like this on your website, blog or other social media? Contact us and visit our Reuters Agency blog for insights and discussions on the changing media industry.

What’s the growth outlook for marketplace lending?

Lower Manhattan is seen just after sunrise from the observation deck of the Empire State Building in New York

The year 2015 marks the tenth anniversary of peer-to-peer (P2P) lending. Zopa was launched in the U.K. in 2005, a time when unsecured borrowers were paying more than 15% per annum and bank depositors were earning 5%. Zopa matched borrowers and investors with materially better terms via an easy-to-use Web interface. In June 2005, investors lent £45,000 via the Zopa site; June 2015 saw nearly £45 million of new loans via the same site.

It was quite a personal affair in 2005 — borrowers chose their own usernames, could write a short message explaining their borrowing needs and could even write a thank you note to lenders when the deal was done. For investors, it was more complicated than today. Investors chose from a number of risk categories and maturities, could choose their maximum loan size and post their target interest rate. The site advised investors as to whether their rate was in the “zone of possible agreement,” explaining that rates outside the “zopa” would result in funds being invested at a much slower rate.

Today’s Zopa lenders only have to choose one of two maturity bands and state whether they want repaid funds to be automatically re-invested. Zopa limits an investor’s maximum exposure to any one borrower to ensure diversification and has a first loss facility, which, although not guaranteed, has covered all losses on eligible loans since its launch two years ago.

The Zopa story has been repeated hundreds of times around the world and has extended from consumer unsecured lending to small and medium-sized enterprise (SME) lending, factoring, mortgages and student loans. The role of the “peer” has diminished as institutional investors now dominate the lending, and an increasing proportion of borrowers are SMEs. The alternative name for this sector – Marketplace Lending (MPL) – is therefore more appropriate. The advances in automation and ease of use seen on Zopa’s site have also been mirrored elsewhere with later entrants trying to distinguish themselves using innovative features. However, since the foundations of MPL are built on financial technology, or FinTech, innovations on one platform can be quickly copied by others in ways that the banking sector, mainly operating from legacy systems, can’t match. (more…)

The Solar System’s planets – Graphic of the day

The first fly-by of Pluto was carried out by NASA’s New Horizons. The mission is helping scientists answer questions previously unknown, such as the diameter of the dwarf planet, which is larger than previously thought. Today’s graphic diagrams the diameter, distance from sun, and chronology of firsts of the “eight planets and Pluto”.

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Would you like infographics like this on your website, blog or other social media? Contact us and visit our Reuters Agency blog for insights and discussions on the changing media industry.

MENA Innovation Lab opened by His Highness Sheikh Hamdan Bin Mohammed in Dubai

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His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of the Dubai Executive Council, said that innovation has been established as an effective institutional culture in the Emirate of Dubai and across the UAE to provide the best conditions to encourage innovators in various fields, contributing to enhanced levels of innovation in all sectors.

His Highness Sheikh Hamdan made this observation during the opening of the MENA Innovation Lab, which represents a major step towards activating the Dubai Innovation Partners initiative aimed at improving cooperation with leading companies on innovation in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the most innovative city in the world.

His Highness said: “Dubai has taken steady steps towards establishing innovation culture as a key driver to achieve development. As part of UAE efforts to be a global center of innovation in line with the National Innovation Strategy, the UAE government is focused on developing national policies and human capabilities to explore innovative solutions to support all segments of the society.”

His Highness added: “We are keen to partner with leading local and international entities to take advantage of the best experiences and practices in the innovation sector. The strategic partnership with Thomson Reuters aims to establish a framework to generate ideas and market them to meet the future goals of Dubai and the UAE.” (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: