CCRO Meeting, Thursday November 21, 2024
Oliver Wyman Offices
Paseo de la Castellana 216 Pl. 13, Madrid, 28046, Spain
Meeting Room: Oceana
Topic Presenter
1:45 to 2:00 CET
Credit Working Group and Cyber Working Group
New: Bringing Cyber Risk into Credit Risk
As we continue to understand the implications for risk officers of growing awareness of
cyber risks, this article by Moody’s has attracted the attention of both the leaders of our
credit risk and cyber risk working groups. This brief presentation is meant to be a thought
provoker &prompt to some new coordinated next steps for the credit initiative…
Check out the article here:
View the article from Moody’s here…
•
Bill Peltier
Sr Director,
Energy Industry Practice Lead
At Moody’s
Topic Discussion Hosts
2:00 to 2:15 CET
Energy Credit Risk Best Practices
Co-Authoring team editing is underway
Today’s energy industry credit management situation is the impetus for this project. The
CCRO membership agrees that since our first credit risk publication in 2002, credit risk
management practices have evolved in a number of important directions.
In these past years:
• New technologies have emerged making complex analyses more practical
• New mitigation instruments are now offered by new service providers, while some
legacy instruments have faded in use
• New sources of credit risk have emerged, particularly from emerging industry
segments such as renewables and retail energy
What’s more, we expect this evolution in situation and practices to continue going
forward into the future. As a result of this progression, the CCRO continues this initiative
to consolidate and update past CCRO materials, and to collaboratively research and
author new material.
To advance this group’s work products towards wide recognition as industry standards,
the CCRO will publish the white paper chapters as they are completed, and host industry
events &training based on this content.
THIS ONGOING PROJECT INCLUDES CHAPTERS ON:
• Credit monitoring practices
• Credit mitigation approaches and instruments
• Credit and compliance
• Information Technology for credit risk management
• The sources of credit risks
• Credit measurement methods
• Effective credit controls
• Contract best practices
For more details and content links -go to
https://www.ccro.org/credit-industry-standards
Miguel Correa
Head of Credit
At ARAMCO Trading
Group Co-Chair [Remote]
Nigeria Bloczynski
Founder and Principal
At Prism Risk
Co-Authors [Remote]
Nithya Venkatesan
First VP – Risk
Navitas Assurance Partners
Co-Project Manager
[Remote]
Steve Thomas
Consultant
At Alliance Risk Group
Co-Project Manager
[Remote]
Oliver Wyman Offices
Paseo de la Castellana 216 Pl. 13, Madrid, 28046, Spain
Meeting Room: Oceana
Topic Presenter
1:45 to 2:00 CET
Credit Working Group and Cyber Working Group
New: Bringing Cyber Risk into Credit Risk
As we continue to understand the implications for risk officers of growing awareness of
cyber risks, this article by Moody’s has attracted the attention of both the leaders of our
credit risk and cyber risk working groups. This brief presentation is meant to be a thought
provoker &prompt to some new coordinated next steps for the credit initiative…
Check out the article here:
View the article from Moody’s here…
•
Bill Peltier
Sr Director,
Energy Industry Practice Lead
At Moody’s
Topic Discussion Hosts
2:00 to 2:15 CET
Energy Credit Risk Best Practices
Co-Authoring team editing is underway
Today’s energy industry credit management situation is the impetus for this project. The
CCRO membership agrees that since our first credit risk publication in 2002, credit risk
management practices have evolved in a number of important directions.
In these past years:
• New technologies have emerged making complex analyses more practical
• New mitigation instruments are now offered by new service providers, while some
legacy instruments have faded in use
• New sources of credit risk have emerged, particularly from emerging industry
segments such as renewables and retail energy
What’s more, we expect this evolution in situation and practices to continue going
forward into the future. As a result of this progression, the CCRO continues this initiative
to consolidate and update past CCRO materials, and to collaboratively research and
author new material.
To advance this group’s work products towards wide recognition as industry standards,
the CCRO will publish the white paper chapters as they are completed, and host industry
events &training based on this content.
THIS ONGOING PROJECT INCLUDES CHAPTERS ON:
• Credit monitoring practices
• Credit mitigation approaches and instruments
• Credit and compliance
• Information Technology for credit risk management
• The sources of credit risks
• Credit measurement methods
• Effective credit controls
• Contract best practices
For more details and content links -go to
https://www.ccro.org/credit-industry-standards
Miguel Correa
Head of Credit
At ARAMCO Trading
Group Co-Chair [Remote]
Nigeria Bloczynski
Founder and Principal
At Prism Risk
Co-Authors [Remote]
Nithya Venkatesan
First VP – Risk
Navitas Assurance Partners
Co-Project Manager
[Remote]
Steve Thomas
Consultant
At Alliance Risk Group
Co-Project Manager
[Remote]
