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Exchange Magazine

Exchange Magazine: Risk and compliance

David Craig  President of Financial & Risk, Thomson Reuters

David Craig  President of Financial & Risk, Thomson Reuters

“Risk comes from not knowing what you’re doing.”
– Warren Buffett

Our mission in Financial & Risk is to power and connect the global financial community and drive performance by providing the trusted information, intuitive technology and insightful people that enable our customers to manage risk, ensure compliance and maintain competitive advantage.

In our second 2016 issue of Exchange, we explore risk and compliance – and the myriad ways in which they now touch every aspect of our industry globally. Our contributing colleagues write on the state of regulatory reform; conduct risk; third-party risk; implementing a successful regulatory compliance program; adopting a risk-based approach to know your customer and anti-money- laundering regulations; the top five compliance trends and how to free your data for better risk management. And we are pleased to bring our readers a special FX section this issue.

We also thank our external contributing partners – Kevin McPartland, head of market structure and technology research at Greenwich Associates on how the search for best execution and pricing is leading FX customers to new systems, platforms and relationships. Pieter van den Berg, a New York-based partner in the Financial Institutions practice of Boston Consulting Group (BCG) on digital disruption in corporate banking. And consultancy Deloitte collaborates with us on our second survey on financial crime in the Middle East and North Africa.

In 2015 Thomson Reuters Regulatory Intelligence (TRRI) tracked, mapped and distributed 51,563 alerts (or an average 197 alerts daily) to compliance professionals around the world – an increase of 27 percent above the 40,603 global alerts tracked in 2014. TRRI monitors over 950 regulatory rulebooks published by more than 550 regulatory bodies worldwide and has developed a detailed taxonomy to categorize each regulatory change, enabling our customers to focus on only those most relevant to their business. We also provide comprehensive up-to-the-minute news coverage to help firms anticipate and accommodate change.

Whilst we cannot reduce the output of regulatory policy making, we can help firms to streamline their compliance, monitoring, audit and reporting processes and to focus on those things which most directly impact on their businesses.

As always, we look forward to hearing from you at exchange@thomsonreuters.com.


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The Financial & Risk business at Thomson Reuters is the leading platform provider of information, news, analytics, transactions and solutions, connecting and powering global markets for banks, investors, governments and corporations.

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