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Triple Point Senior Executive Discusses Consequences of Decentralized Risk Management with European Energy Forum

Triple Point Technology, the leading provider of multi-market commodity and enterprise risk management software solutions, announced today that chief marketing officer, Michael Schwartz, will discuss the critical importance of integrated enterprise risk management in the face of new business realities at Platts ‘Managing Oil and Energy Risk’ conference in London, November 12 – 13th.

Mr. Schwartz’s presentation examines how current market conditions, including tighter credit, greater volatility and more stringent regulations, demand that companies wishing to survive deploy a comprehensive software system to manage market, operational, credit and regulatory risk on a tightly integrated platform. Attempting to manage risk with disparate systems and spreadsheets decreases the ability to extract meaningful data for proactive decision-making and minimizes the ability to introduce automated controls and work flow.

“The ability to manage risk holistically and increase transparency is the number one concern of organizations today. Companies with exposure to energy prices must implement risk platforms to manage volatility and tightly integrate enterprise risk,” said Michael Schwartz, chief marketing officer, Triple Point. “As a recognized ‘leader’ in Gartner’s ‘Energy Trading and Risk Management’ Magic Quadrant report, Triple Point values the opportunity to share its market-leading expertise in energy commodities and enterprise risk management.”

Managing Oil and Energy Risk will bring together key decision makers from across the European oil and gas majors, financiers, commodity traders, rating agencies, stock exchanges, governments and regulatory bodies to examine the issues and challenges at the heart of the current European oil debate. Triple Point will speak about exposure analysis and derivative instruments, basis risk and multiple risk trading portfolios, credit and counterparty risk, and hedge effectiveness.

Platts is widely recognized as the world’s most trusted and valued source of global energy information and intelligence.

Mr. Schwartz joined Triple Point as chief marketing officer in 2005 and is a noted speaker at energy and commodity events around the world.