Thomson Reuters Corporation : Thomson Reuters Wins Operational Risk Software
Provider of the Year Award in Operational Risk and Regulation Awards 2013
Noted for solution that enables clients to drive risk culture
London, 19 April, 2013 - Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, announced it has
been named as Operational Risk & Regulation's operational risk software
provider of the year in the Operational Risk and Regulation Awards, 2013.
Thomson Reuters was recognised for Accelus Risk Manager (ARM) a solution that
enables organisations to establish a framework for operational risk based on
their risk appetite, helping them to deliver an appropriate risk culture. ARM
captures information such as incidents, indicators, assessment responses and
scenario analysis data in a flexible and connected way. Risk managers can
analyse this risk intelligence through the lenses of their organisation's
various structures and reporting lines, so that both the cause and effect of
'a risk' can be fully understood. Reporting - whether it is on-screen, ad-hoc,
or in a formal format - helps risk executives communicate their organisation's
risk position to the business, senior management and the board.
Accelus Risk Manager also empowers executives to actively manage risks across
the business, track the tasks others are expected to perform and report status
to key stakeholders. The information contained in ARM can be linked to key
deliverables in an organisation's risk appetite framework, enabling a holistic
approach to measuring and managing risk. Risk data housed in ARM powers the
solution's stress tests, Basel Advanced Measurement Approach (AMA) operational
risk capital modelling, Monte Carlo simulations and other forms of statistical
analysis to help executives better communicate with regulators and to
understand the challenges their business faces.
"Operational risk is now front-and-centre on regulators' agenda, but we are
also seeing many clients significantly enhancing their operational risk
management capabilities because they understand how this discipline can add
significant value to their businesses," said Mark Schlageter, managing
director, Governance, Risk & Compliance, Thomson Reuters. "Even more
powerfully, clients are now connecting their operational risk, audit, and
compliance efforts to enable them to better understand the challenges and
complexity their organizations are facing today. We continue to work closely
with our clients to help them achieve their GRC vision. We are extremely proud
to receive this further recognition for our work in the operational risk
The recognition comes on top of Thomson Reuters being named as a category
leader in the ChartisRiskTech Quadrant(TM) For Operational Risk Management
Systems, category leader in the Chartis RiskTech Quadrant(TM) for Enterprise
Governance, Risk and Compliance Systems and being positioned by Gartner, Inc.
in its Leaders Quadrant of the "Enterprise Governance, Risk and Compliance
Platforms Magic Quadrant.
The Operational Risk and Regulation Awards celebrate achievements in the area
of operational and regulatory risk management - and, for the first time this
year included not only operational risk practitioners, but also the service
providers and software suppliers who support them.
Thomson Reuters Accelus dynamically connects business transactions, strategy
and operations to the ever-changing regulatory environment, enabling firms to
manage business risk. A comprehensive platform supported by a range of
applications and trusted regulatory and risk intelligence data, Accelus brings
together market-leading solutions for governance, risk and compliance
management, global regulatory intelligence, financial crime, anti-bribery and
corruption, enhanced due diligence, training and e-learning, and board of
director and disclosure services.
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
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This announcement is distributed by Thomson Reuters on behalf of Thomson
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information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
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