Flexibility needed for risk management, say experts

Although firms prefer a centralised risk management strategy, local knowledge and expertise are required in smaller, less developed regions, such as those that are found in central and Eastern Europe, according to experts at Energy Risk's Central and eastern European (CEE) conference this week.

"There is a need to understand the local people and how to manage these local markets," said Przemyslaw Borkowski, credit risk manager at Mercuria Energy Trading. "Companies that use a group risk policy