Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

News

11:37 AM
Connect Directly
RSS
E-Mail
50%
50%

Thomson Reuters Launches Governance, Risk and Compliance Unit

Former chief strategy officer David Craig will run the new business unit.

Thomson Reuters today announced the creation of a new business dedicated to serving customers across the span of governance, risk and compliance. The new business brings together Thomson Reuters brands including Complinet, Paisley, Westlaw Business, West's Capitol Watch, Oden and Westlaw Compliance Advisor. It will be led by Thomson Reuters' former chief strategy officer David Craig, who has been named president.

The GRC unit delivers to financial institutions, insurance and other firms the most comprehensive suite of tools designed to connect business transactions, strategy and operations to the regulatory environment. It brings together Thomson Reuters' global regulatory and securities intelligence; business law research; contract and deal-drafting tools; internal policy management; e-learning; anti-money laundering solutions; and audit, filing, board of director and disclosure services.

According to Craig, regulators have responded assertively following the financial crisis, and also to reduce risk and crime. "In 2009 we tracked more than 10,000 regulatory changes across financial services regulators globally," he said. "As of the beginning of September, 2010, we have already tracked the same number of regulatory updates. This reflects more than 50 changes every working day, and I expect the 2010 total likely will be 50 percent higher than last year. Additionally, we estimate that the new regulatory changes in the U.S. could create an additional 100,000 disclosures. In 2009, we tracked more than 200,000 disclosure documents filed by public companies in the U.S."

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.