The risk of getting compliance wrong

A wave of investigations and prosecutions in recent years has driven many top energy players from the business. With regulators’ power set to increase, getting compliance right is now more important than ever. In the first of a two-part series, Michael Berry and David Foti discuss the current regulatory environment

The energy trading compliance space is at a crossroads. Early in the decade the industry was pummelled by a wave of regulatory punishment, and the end of the decade is ushering in a seismic shift in regulatory requirements. Companies are in the position where they need to mature this business function, while at the same time the rules are changing. It is quite clear that the consequences for getting this wrong are serious with the costs going up in terms of monetary damages and personal