The power to survive
Energy companies with trading divisions are beefing up their energy risk management technology, hoping that the implementation of robust trading systems will help combat any lingering concerns about the health of their business. Paul Lyon reports
Last month, the Committee of the Chief Risk Officers (CCRO) released four white papers detailing a set of best practices for the energy trading business. The CCRO, which was established earlier this year by 20 energy companies to develop tools to strengthen risk management and disclosure practices in the physical and financial trading and marketing of electricity and natural gas, outlined a number of recommendations, touching on disclosure and transparency to credit risk mitigation
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