The CFTC voted to establish a Climate-Related Market Risk
Subcommittee under the CFTC's Market Risk Advisory Committee
("MRAC"). Commissioner Rostin Behnam, sponsor of the
MRAC, announced that the CFTC is accepting applications for
membership.
The subcommittee is charged with preparing a report to the MRAC
that will "identify and examine climate change-related
financial and market risks."
According to Mr. Behnam, the subcommittee may consider:
- issues or barriers to assessing and managing climate-related
financial and market risks;
- ways in which market participants can improve the
"integration of climate-related scenario analysis, stress
testing, governance initiatives, and disclosures into financial and
market risk assessments and reporting";
