CCRO

AcronymDefinition
CCROCommittee of Chief Risk Officers (Woodlands, TX)
CCROCambridgeshire County Record Office (Cambridge, England, UK)
CCROCertificate of Customary Right of Occupancy (Tanzania)
CCROCommunity Charge Registration Officer (UK)
CCROCheshire County Record Office (UK)
CCROCounty of San Diego Code of Regulatory Ordinances
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The mission of the CCRO is to define industry best practices for risk management and develop common measures to provide enhanced transparency for evaluating energy trading activity and risk estimation.
In November, the CCRO released a white paper that addressed risk management disclosures.
These recommendations significantly raise the bar for our industry the same way our best practices sought to do so last year in the first phase of the Committee's work on governance, credit risk management, valuation and disclosure practices," said Laurie Brooks, Vice President and Chief Risk Officer of Newark, NJ-based PSEG and a member of the CCRO Board of Directors.
It may well be necessary if we are to satisfy the commercial concerns of data providers and entice their participation, while providing index publishers a way of confirming the data supplied to them," said Jeff Walker, Senior Vice President and Chief Risk Officer of Indianapolis-based ACES Power Marketing, another member of the CCRO working group that developed these recommendations.
Among the organizations the CCRO reached out to were index publishers, energy clearinghouses, energy industry trade associations, investment firms and federal regulators.
The CCRO is a diverse, international coalition of energy companies developing best practices to strengthen and standardize risk management and disclosure practices in the physical and financial trading and marketing of electricity and natural gas for investors, regulators, financial institutions and other energy companies.
Standard & Poors is looking forward to working directly with the CCRO on this important effort," said S&P analyst Tobias Hsieh.
The CCRO is a diverse, international coalition of energy companies developing best practices to strengthen and standardize risk management and financial management practices in the physical and financial trading and marketing of electricity and natural gas for investors, regulators, financial institutions and other energy companies.
The industry and ratings community are in new territory here," said CCRO Executive Director Bob Anderson.
We are pleased with the relationship the working group has established with S&P and look forward to presenting our recommendations and then seeing them adopted throughout the financial community," said CCRO Financial Liquidity Working Group Co-Chair Andrew Sunderman, Vice-President and Chief Risk Officer at Williams Companies in Tulsa, Oklahoma.
The CCRO reports directly to the special committee of independent directors (the "Special Committee"), which was appointed to review and respond to regulatory developments in Ontario and to evaluate strategic alternatives.
Cash Store Financial is pleased to announce that it has engaged Michele McCarthy to act as CCRO and to fulfill the mandate described below.