Our Role

We exist to provide industry with its own independent platform on which to work together in constructive initiatives that develop and document risk management practices.  We believe that by working together in this way we are changing our company's and our industry's practices for the better.

Our Membership

Our members are managing the myriad of risks across all segments of our energy industry.
They leverage the CCRO in sharing knowledge and working together...

  • to define,
  • to better understand,
  • to efficiently execute, and deliver value

...from the practice of risk management

Learn about our members here...


Our membership has been re-shaped recently to allow a wider cross-section of companies engaged in the power, gas, and oil industries of all sizes.

Click here to learn more about membership...

Our White Papers

The CCRO has published many white papers addressing all aspects of risk management and associated functions like compliance, operations, trading, capital allocation and more..

To learn more about our white papers click here...

 

CFTC Market Risk Advisory Committee

Early in 2015, the CCRO Executive Director was nominated and accepted position as a member of the CFTCs Market Risk Advisory Committee (MRAC).  In that position, Bob represents the CCRO member community of 'end-user' companies.  Bob will be holding discussions with members to learn about the concerns that members have as topics emerge as subject matter for the MRAC.  With Bob's help, members may work together to develop insightful concensus around the key issues from the perspective of the end user, such that Bob may participate constructively in the MRAC meetings by helping the CFTC appreciate the end-user risk viewpoint on these issues.

At the March CCRO meeting, Petal Walker, Chief Counsel to Commissioner Bowen, was our guest.  Ms. Walker provided members at that meeting with some useful context regarding the CFTC and its wants and needs from this committee. Click here for more on the comments that Ms. Walker provided us at the meeting...

About the MRAC
The Committee, which was first chartered in 2014, is designed to support the Commission’s efforts to detect and mitigate risks within the market to industry participants, consumers, and the broader financial community. This year, the Committee intends to study both long-standing and nascent risks to the market, as well as challenges posed by the evolving structure of the swaps and futures markets.
MRAC’s mandate is to:
  • Conduct public meetings and submit reports and recommendations to the Commission on matters of public concern to clearinghouses, exchanges, intermediaries, market makers, end-users and the Commission regarding systemic issues that threaten the stability of the derivatives markets and other financial markets; and
  • Assist the Commission in identifying and understanding the impact and implications of an evolving market structure and movement of risk across clearinghouses, intermediaries, market makers and end-users.
Commissioner Bowen
Commissioner Bowen is the sponsor of this advisory committee. In the press release, the commissioner said:

I am very pleased with the breadth and depth of talent that will be present on the Committee. Our members bring valuable expertise and a diversity of opinions and perspectives about the swaps and futures industry. We received a great deal of interest regarding serving on MRAC and many thoughtful comments from members of the public on a broad range of topics upon which MRAC should focus.
Now the MRAC must begin work on determining and analyzing the risks to our markets and consumers, in order to provide consultation on how best to address them. I am confident that the Commission will benefit from the recommendations of this Committee.


End
Next CCRO Discussion:
TBA

Additional information:

Agenda: MRAC meeting #1


MRAC Members