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4.0%
[1] Pro-forma assumes that the acquisition of Refinitiv took place on 1 January 2021 for the current financial year and 1 January 2020 for the prior financial year comparator figure. Both figures exclude the financial contribution from the businesses contained within the Borsa Italiana divestment
[2] Q1 2020 comparator figure differs to the previous disclosure due to the treatment of FX and other adjustments. For more information please refer to the “Accounting and modelling notes” section
[3] Reported variance is the difference between current and prior year periods using FX rates prevalent at each time, therefore any changes in the FX rates are also reflected in the variance percentage alongside business performance
Investegate |LondonStockExGroup Announcements | LondonStockExGroup: LSEG 2021 Q1 Results investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Date
28/01/2021
Refinitiv is further expanding the scope of its data-driven due diligence reports with the addition of cybersecurity and company credit risk ratings from BitSight and Creditsafe. The data partnerships follow Refinitiv’s recent inclusion of ESG data and its acquisition of The Red Flag Group.
The addition of cybersecurity and credit risk ratings is in response to the myriad of legal and regulatory obligations organizations face when dealing with third parties. Suppliers, distributors, resellers and other third parties may pose significant integrity and compliance risks and these need to be managed by every company to avoid significant fines and reputational damage.
Here we discuss four things you should get from a good due diligence report.
1. Integrity and compliance risk knowledge
First and foremost, at its bare minimum a due diligence report gives findings about a third party’s history of compliance to laws on anti-bribery and anti-corruption (ABAC), fraud and money laundering, and anti-competitive behaviour. The report should provide details about any media reports, investigations, legal proceedings, enforcement actions, sanctions and fines, and any other run-ins that the third party has had with the authorities.
In places where laws are poorly enforced, press is severely restricted, illicit dealings are deeply entrenched in business, or business is run with very limited transparency, this information is especially important, so it is essential to source information from on-the-ground sources, such as former employees, clients, local partners and business journalists. What these sources know about the third party and its reputation loc