Thomson Reuters Launches Accelus Conflicts Compliance
(Thomson Reuters ONE) -
New solution automates employee personal trade monitoring and conflicts
management, and demonstrates culture of compliance to regulators and investors.
LONDON, 25 October 2013 - Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, today announced a
strategic partnership with TerraNua, a provider of conflicts management and
compliance automation technology, to help compliance managers at both buy side
and sell side institutions streamline employee supervision and code-of-conduct
management. Thomson Reuters Accelus Conflicts Compliance, a new web-based
solution developed through this partnership, will integrate the functionality
needed to fully manage the activities of a robust and measurable compliance
program.
With regulations such as the Dodd-Frank Act and the EU Market Abuse Directive,
financial institutions are under greater pressure to demonstrate supervision and
create a more visible culture of compliance within their organisations. Accelus
Conflicts Compliance is designed to automate the monitoring and management of
conflicts of interest and code of conduct issues within firms, including
monitoring employees' personal trading, detecting potential insider trading,
monitoring political contributions, gifts and entertainment, and employee
attestations and disclosures.
Building on the launch of Eikon for Compliance Management, a version of the
firm's flagship Eikon financial markets desktop, Thomson Reuters Accelus
Conflicts Compliance combines two modules that enable compliance managers to
automate their compliance programs and drastically reduces the time required to
track employee trading activities.
Personal Trade Monitoring (PTM) simplifies the employee trade pre-clearance
process; automates the capture of trade confirms from brokerages; reviews
employee trading activity against restricted lists, insider trading rules,
front-running, tailgating and other conflict scenarios; and facilitates annual
employee attestations and disclosures related to personal trading.
Compliance Program Management (CPM) helps firms track employees' gifts &
entertainment, political contributions and outside interests; automates employee
attestations and disclosures; and maintains an audit trail of compliance tasks
and cases for internal and external regulatory reporting.
"Recent high profile insider trading cases have placed conflicts of interest
high on the agenda of both regulators and trading firms," said Brian Fahey, CEO,
TerraNua. "While regulatory scrutiny is increasing, firms are seeing their
compliance budgets tightening. Development of this software as a services (SaaS)
solution not only reduces IT support costs for firms but fully automates their
supervision activities and streamlines internal processes while enhancing
auditability."
"Accelus Conflicts Compliance takes a multi-disciplinary approach to monitoring
and managing conflicts of interest that touch many points across an
organization," said, Andrew Neblett, managing director, Enterprise Risk
Management, Thomson Reuters. "This solution brings together a number of leading
assets spanning Thomson Reuters extensive market data and content, our
comprehensive eLearning solutions covering anti-money laundering, market conduct
and fraud, as well as global regulatory intelligence to support the most
comprehensive set of insider trading surveillance rules. Accelus Conflicts
Compliance is uniquely positioned to capture, monitor and investigate a firm's
employee trade data and enable firms to demonstrate a more visible culture of
compliance within their organisations."
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and science
and media markets, powered by the world's most trusted news organisation. With
headquarters in New York and major operations in London and Eagan, Minnesota,
Thomson Reuters employs approximately 60,000 people and operates in over 100
countries. Thomson Reuters shares are listed on the Toronto and New York Stock
Exchanges. For more information, go to http://thomsonreuters.com.
TerraNua
TerraNua is the market leader in the provision of compliance management
technology solutions to the financial services sector in the US and Europe. The
unique nature of its flagship MyComplianceOffice solution
http://www.mycomplianceoffice.comenables automation of a broad range of
compliance activities, including Conflicts of Interest and Personal Trade
Monitoring in an effective, easy to use, integrated platform. For more
information go to http://www.mycomplianceoffice.com.
CONTACTS
Thomson Reuters
Alan Duerden
PR Director, GRC & Marketplaces
+44 20 7542 0561
+44 7825282483
alan.duerden(at)thomsonreuters.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
[HUG#1738071]
Unternehmensinformation / Kurzprofil:
Datum: 25.10.2013 - 06:15 Uhr
Sprache: Deutsch
News-ID 309320
Anzahl Zeichen: 6080
contact information:
Kategorie:
Business News
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