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Energy risk teams explore use of KRI metrics

KRIs show particular promise for managing operational risk

pressure-gauge

Energy sector chief risk officers (CROs) are growing increasingly interested in using metrics based on key risk indicators (KRIs) to help predict and manage serious risks, says Bob Anderson, Houston-based chief executive of the Committee of Chief Risk Officers (CCRO), an energy industry group.

"It's often a challenge for an energy firm to identify an emerging risk before it's become a matter of disaster control," Anderson says. "Energy risk officers have become very interested in the potential

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CRO interview: Brett Humphreys

Brett Humphreys is head of risk management at environmental markets specialist Karbone. He talks to Energy Risk about the challenges of modelling outcomes in unpredictable times and how he’s approaching the risks at the top of his risk register

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