CROs facing new challenges and regulations

The role of chief risk officers (CROs) and risk management have become even more important for energy companies as they face rapidly changing markets and regulations

The impact of regulatory changes on energy markets is yet to be seen

One of the biggest challenges for CROs is to keep up-to-date with the ever-changing business environment and markets, as well as cope with new and intrusive regulation, risk managers from energy companies said at the Energy Risk Europe Trading and Derivatives conference in London this week.

"The CRO function and the risk management function have become much more important," said Lukas Gubler, chief risk officer at trading energy company EGL AG. There is also growing pressure on risk managers, as