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Trusted & Professional

We are compliance consultants with real world experience. We can provide you with sustainable governance, risk and compliance frameworks.

Welcome to MRB Compliance Consulting

MRB Compliance Consulting is the premier provider of compliance services and solutions to the commodities and derivatives sectors. MRB’s founder and staff possess decades of experience in the actual operation and running of various types of compliance programs. We can operationalize your compliance programs.

Governance Framework

Documenting the organizational structure and defining how the entity is going to effectively run is one of the foundational tasks that must be considered. This building block for operational excellence is key to long term success and sustainability.

Risk Assessments

MRB’s risk assessment output will help the client identify areas that need improvement and assist in the prioritization of resources to remediate the identified areas of need of improvement.

Compliance Programs

To make your vision into reality cogent and coordinated polices begin the process of operationalizing compliance. Well designed policies need to be concise and focused so that those required to execute on those policies have a well-defined path.

Our Approach

What do we mean by “Operationalizing Compliance” ™?

Operationalize [ˌäpəˈrāSHənlˌīz] verb, - put into operation or use.
Compliance [kəmˈplīəns] noun, - the state or fact of according with or meeting rules or standards.

To have an effective compliance function and program an in-depth understanding of the operations of the organizations is a must. MRB’s approach to the provision of services is based on a firm understanding of the activity sets undertaken by the client in the fulfillment of its commercial objectives.

MRB’s deliverables will be high quality output meeting the needs of the internal stakeholders and the expectations of external stakeholders. MRB can make your governance and compliance frameworks effective and measurable.

 

Our Philosophy

What we offer

Policy Development

To make your vision into reality cogent and coordinated polices begin the process of operationalizing compliance. Well designed policies need to be concise and focused so that those required to execute on those policies have a well-defined path.
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Investigations Services

MRB staff have experience in conducting rigorous investigations that have withstood review by the FERC, the CFTC and the DoJ. When thoroughness and discretion are required, MRB is your go to resource for this service.
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Training

Training is a hallmark of good governance and employee development. Effective training is beneficial to both the employee and the employer. Effective training will increase productivity while reducing organizational risk.
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Secondment

Quite often a client has the need for compliance support on a limited basis due to exchange or regulatory inquiries and information or internal projects. MRB can assist the client by supplying experienced staff to meet those tasks in a timely manner.
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Recent Case Study

Federal Energy Regulatory Commission v. Vitol Inc. and Federico Corteggiano

Show Cause Order Docket No. IN14-4-000

On June 19, 2019 the Federal Energy Regulatory Commission (FERC) issued a Show Cause Order to Vitol Inc. and Vitol power trader Federico Corteggiano alleging manipulation by selling physical power at a loss in the California Independent System Operator’s (CAISO) market in order to eliminate congestion that they expected to cause losses on Vitol’s congestion revenue rights (CRRs).

This case is interesting on several levels. The attached “Enforcement Staff Report and Recommendation” report outlined the allegations but importantly listed purported compliance failures resulting in a significant increase in the total fine.

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Latest Blog

Holding individuals accountable

February 19, 2020 1 Comment

OverviewThe Department of Justice unsealed a 35-page indictment filed in February of 2015 against three individuals who were executives at Alstom S.A. (Alstom) and Marubeni

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New Position Limit Proposal

January 31, 2020 1 Comment

Overview Ten years after the passing of the Wall Street Accountability Act a.k.a. Dodd Frank the Commodity Futures Trading Commission (CFTC) held a public meeting

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