CCRO and S&P form liquidity working group

The US Committee of Chief Risk Officers (CCRO) has established a working group along with rating agency Standard & Poor’s (S&P) to define the most effective metrics integral to assessing the liquidity demands of energy supply and wholesale marketing operations.

"We are excited about the opportunity to work with S&P to develop a next-generation framework that investors will find useful by disclosing all necessary data to determine a company's liquidity position and strategy," said Andrew Sunderman, CCRO financial liquidity working group co-chair and chief risk officer of Oklahoma-based Williams Companies. "By July, we hope to determine how best to ensure the addition to the framework metrics representing relatively secure sources of liquidity

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