Thomson Reuters has launched a legal entity data softwareThomson Reuters DataScope Legal Entity Datato address risk management and regulatory compliance.
The program will be available for retrieval via Thomson Reuters DataScope Select and Thomson Reuters DataScope Onsite.
Todays dynamic market conditions and emerging regulatory mandates have placed a renewed emphasis on understanding the complex corporate structure of legal entities. Efforts currently underway to establish and implement a global legal entity identifier (LEI) system have drawn further attention to the market need for a unified mapping system that can help assess the credit, concentration, liquidity and contagion risk that can stem from those connections.
We are committed to delivering highly valuable content and innovative technology solutions to support automation, regulation and efficiency in the capital markets, Tim Lind, global head of strategy and business development of enterprise content for Thomson Reuters, says. DataScope Legal Entity Data allows firms to mitigate risk exposure by providing a single source for timely, high-quality entity data that represents relevant counterparties, offers extensive depth and breadth of content, and provides complete cross-asset class integration to enable a much deeper view of risk and compliance.
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(CM)