Dow Jones announced that it will expand its risk and compliance due diligence business into the sports industry with the launch of Dow Jones Sports Intelligence. Dow Jones Risk & Compliance is a data provider on regulatory, commercial and reputational risk for financial institutions and global corporations. Sports bodies around the world are now being identified as high-risk organizations due to regulatory or legal changes and current events. Dow Jones Risk & Compliance Managing Dir Joel Lange said, "It's clear that the expectation of governments, banks and sponsors is that sporting organizations will now be held to similar governance standards as the regulated community. Transparency and good governance are minimum standards that need to be the goal of any sporting federation." The Dow Jones Sports Intelligence business, which is due to launch later this year, will focus initially on the sports bidding industry and the stakeholders involved in bid processes for major sporting events, including int'l sports federations, countries and cities. Dow Jones then plans to expand Dow Jones Sports Intelligence to the sports industry more generally as a service for all sports stakeholders when assessing existing and new third party relationships and mitigating risk (Dow Jones).
