Last week, Thomson Reuters was a proud supporter of International Fraud Awareness Week, which is organized by the Association of Certified Fraud Examiners (ACFE). The goal is to raise awareness of the widespread issue of fraud (which comes in many forms such as healthcare, insurance, corporate, and money laundering) and educate on its prevention. We hope we helped to accomplish this by offering articles on various fraud topics.
Thank you to those internal and external to Thomson Reuters who helped us promote this partnership and to everyone who reviewed our reading materials. We leave you with the following Thomson Reuters white papers to shed some light on various prevalent types of fraud and ways to get in front of this growing problem:
How can Big Data be more accessible and applicable? By humanizing it.
Humans aren’t built to work with Big Data directly – so to find the value of this wealth of information, it needs to be reduced to human proportions. But what’s the best approach?
Check out the latest white paper from our IP & Science business, Big Data & the Needs of the Pharma Industry. Tim Miller, Vice President Product Management, Analytics, discusses with industry leading experts approaches to “shrinking” Big Data to make it more accessible – and more useful – to you.
Download the white paper.
Analytics have become an increasingly critical tool in the operating environment of financial firms around the world, both large and small. Unprecedented monetary policies conducted by the U.S. Federal Reserve have driven down interest rates to lows not seen in decades and flattened the yield curve. In this new normal, and with various interrelated trends increasingly evident across the global financial services industry, fixed-income portfolio and risk managers need sophisticated analytics and modelling capabilities to manage their portfolios successfully and mitigate the risk associated with misaligned portfolios.
Learn how to outperform and overcome these challenges through our new white paper written by thought leaders Dennis Kirincich, managing director, BlackRock Solutions and Jayme Fagas, our global head of Evaluated Pricing.
Read the complimentary white paper: Derived Analytics: The essence of effective risk management and investing
As a new white paper from Serengeti Legal Management, e-billing & Analytics highlights, when the legal department is investigating e-billing and matter management solutions that dramatically drive down costs, they are often met with resistance from certain departments that incorrectly believe legal spend is already being adequately tracked with current accounts payable and invoice-approval systems. In short, law departments using only an accounts payable system may be wasting time and money that could directly go to the company’s bottom line.
Learn more about granular and accurate reports specific to the legal department, customizable approval and review processes, and the various other matter-management tools that can’t be replicated by accounts payable software or invoice-routing software.
Our new white paper tells you how –and where – to find it.
The global financial community faces challenges on every front. Pressure on profits has never been greater, traditional revenue sources are declining, and the rules of doing business are in a constant state of flux. The marketplace has become more fragmented, complex and competitive, and regulations are growing exponentially everywhere you do business. In addition to these market challenges, a convergence of change in technology – including the forces of mobile, social, cloud, and Big Data – is driving transformation in how market participants access and share information, the speed at which it is delivered, and the importance of open and connected systems.
As markets have finally begun to climb the “wall of worry”, having a window on what’s next is a critical competitive advantage, and the global financial community is looking to move. Forward. Firms seek more than they’ve ever had, to meet demands that are greater than they’ve ever been. Because change is money.
While yesterday’s criminals relied on guns, knives and threats of physical harm, tomorrow’s criminals are likely to be more effective in spreading fear or stealing millions by simply sitting behind a laptop or using their mobile or a tablet device. In Technology Fuels New Advances and Challenges in Predictive Policing we explore the growth and acceptance of predictive policing methodology and the use of technology in forecasting and investigating crime.
The white paper reports on how law enforcement agencies are adding high-tech teams and investing in a range of new technologies, from sophisticated mapping that can help police forecast hotspots of criminal activity, to software platforms that delve deep into the public records of a person of interest, to powerful computing systems that allow police to sift through mountains of video data. (more…)
High profile events such as those that took place in 2008 – and more recent ones such as those experienced by JP Morgan and UBS – reminded the industry of the challenges involved when an aggregate or consolidated view across positions is needed. Even after decades of industry changes and technology advances such challenges still subsist due in part to the incompatibility of core data symbols.
These core data symbols: security identification, counterparty identification and price discovery, were never developed to work efficiently and effectively on an enterprise/global scale. This was not a huge problem back in 1993 but with regulatory pressure and the focus on risk management firms today need the ability to assess risk. They need a view of their aggregate and consolidated positions across the enterprise – regardless of silos, departments and disparate technology systems. (more…)
Two primary methods have been used to introduce carbon prices, cap-and-trade markets and carbon taxes. While these approaches have some important differences, the challenges regulators face when designing carbon pricing schemes are remarkably similar. Our new white paper by Thomson Reuters Commodities and Energy Advisory practice consultant Robert Kaineg discusses key design decisions facing governments instituting a carbon tax. (more…)
The regulatory landscape is changing. Basel III in particular will have a significant impact on all aspects of the banking sector. We are already seeing significant increases in both the quality and quantity of capital that is required to be set against the wider risks of running a business but the wider regulatory policies also seek to improve the underlying risk-management capabilities of banks, whether looking at Legal, Operational, Market, Regulatory or Credit Risks.
While supervisors everywhere are increasingly sensitive to the balance which has to be achieved between cost pressures and ensuring that banks take operational risk seriously, there is a major focus on avoiding the risk of “black swan” or “fat tail” events which could further jeopardize financial stability. Compliance and risk management are no longer simply a question of aligning with best practice through a team located somewhere in the institution. Risk appetite should be established and set at Board level, taking into account shareholder and regulators expectations. The concept of “enterprise risk management” is now well established.
This paper highlights some less considered elements of operational risk and demonstrates how a different approach can lead to real benefits to the business.
Download the free white paper here. (more…)
January 1, 2013 brings its own form of D-Day for the investment funds industry: Data Day. For it is on this date that International Financial Reporting Standards 13 Fair Value Measurement (IFRS 13) becomes effective.
The aim of IFRS 13 is to introduce a consistent global definition of fair value, along with enhanced disclosures for how fair value is measured. The rule is almost identical to the U.S. version FAS 157, resulting in a consistent set of accounting standards that determine how reporting entities around the world measure and disclose fair value of their assets and liabilities. (more…)