Energy Trading Company Implements New Compliance Standards

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Energy Trading Company Implements New Compliance Standards

Client Overview

An innovative, forward-looking global energy company involved in the entire energy chain with a commitment to a sustainable world.

Deployed Capabilities

Regulatory & Compliance
Transformation
Supply Chain
Financial Advisory

Risk Avoidance

Identified system flaws avoiding reporting failures and regulatory fines and compliance penalties.

Organizational Alignment

Secured Integrated Global Energy Company buy-in and support at all organizational levels.

Cost Savings

Positioned our client for annual savings by eliminating the risk of potential fines and improving operational efficiency.

The
Challenge

Our client’s compliance department required assistance with the implementation of new compliance standards, EMIR swap data repository, and trade option reporting requirements. They needed to achieve compliance with SDR reporting requirements by building an interface from the Allegro ETRM system to a centralized regulatory reporting database housed in their overseas headquarters.

The
Custom 
Solution

To address our client’s challenges, we deployed a specialist to provide strategic advisory services to their compliance team. Our expert guidance was pivotal in managing significant business growth, redesigning gas infrastructure, and facilitating entry into the power business sector. Our specialist developed a comprehensive Compliance Portfolio Hedging Policy document and report, ensuring robust risk management and regulatory alignment. Additionally, we created and implemented meticulous Trade Option processes designed specifically for regulatory reporting purposes, enhancing transparency and compliance across all operations.

The
Impactful
Results

We identified significant design flaws in the system plan that would have led to swap reporting failures, saving our client from regulatory fines and compliance penalties. We spearheaded a new strategic direction and successfully secured buy-in from the Integrated Global Energy Company and its overseas office for the revised plan, ensuring alignment and support at all organizational levels. Implementation of the new plan ensured swap reporting compliance, culminating in a seamless go-live success. This not only mitigated financial risks but also positioned our client for annual cost savings by avoiding potential fines and improving operational efficiencies.

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