Best practices in compliance

With regulators’ power set to increase and individual executives increasingly likely to be prosecuted when there is a compliance breach, it is crucial that the compliance function is properly structured. In part two of their series, Michael Berry and David Foti discuss a best practice framework for compliance

It’s been a tough decade for North American energy marketers from a regulatory perspective. The early years of the decade witnessed a wave of investigations and prosecutions that drove many top players from the business. Since then, regulators’ power has increased, along with associated punishments, as demonstrated by a string of recent prosecutions. With new rules on the way and a decidedly less friendly political regime in place, it is more important than ever for energy marketers and traders