Coping with setbacks

To understand the term 'operational risk' and its use in risk management, I turned to three documents that seek to define risk management theory and practice. In their 'Introduction and executive summary of recommendations', published in November 20021, the US-based Committee of Chief Risk Officers (CCRO) listed nine categories of merchant energy business risks.

The list includes four types of risk linked with markets and credit, as well as five types of risk associated with company operations

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here