Initiative for a Set of Technical White Papers:
Credit Risk Management Practice Standards
The CCRO Board of Directors is very happy to announce this initiative to publish a new edition of our energy credit industry standards white paper
Today’s Credit Practices Situation as an 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 fifteen years:
New technologies have emerged making complex analyses more practical
New mitigation instruments are now offered by new service providers; while others have faded in use
New sources of credit risk have emerged, particularly from emerging industry segments such as 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 has begun this new initiative to consolidate and update past CCRO materials, and to collaboratively research and author new material. To advance this group’s work products towards being widely recognized as industry standards, the CCRO will publish a definitive set of white papers, and host industry events & training based on this content.
The scope of this Ongoing project includes:
Monitoring practices
Credit mitigation approaches and instruments
Credit and compliance
Information Technology for credit risk management
Creation of credit risks
Credit measurement methods
Effective credit controls
Contracts
The group is this year resuming in its work in earnest. After a pause during the pandemic, we finished and published chapter 10, addressing technology for credit risk professionals (see button at left). Now in 2024, we have resolved to wrap-up a number of chapters already rich in content, that are available for members to edit on SharePoint. Join us!
A Wide Peer Group for this Project
Our member credit solution providers are CCRO Advocate Members that provide expertise and resources needed to tackle research and carry-out case-example credit analyses for the paper. The wider team of member credit professionals includes a wide cross-section of industry and specialties. Credit risk management practices span all segments of our industry, which makes the diverse CCRO organization ideal to undertake this challenging initiative…
We welcome IECA as a partner with us in this initiative. IECA is bringing their organization’s expertise and industry presence to help assure this project represents the best in industry and that its deliverables are widely used by industry in the future...
How to get Involved
This group is leveraging CCRO legacy published materials and has developed a lot of draft materials. Editing and updating these materials has begun via SharePoint, which makes getting involved to make a difference very easy.
In fact, we have published one of the chapters “Technology for Credit Risk”, click here to view this chapter…
To find out how you may participate, please notify us by e-mail at info@ccro.org and we'll arrange a conversation about getting involved...