Some U.S. financial regulators have made notable progress in recent months when it comes to managing the systemic risks posed by the climate crisis. Yet despite these initial steps, the majority of federal agencies still lag far behind their global peers—according to a new report from the Ceres Accelerator for Sustainable Capital Markets. The report, Turning Up The Heat: The Need for Urgent Action by U.S. Financial Regulators in Addressing Climate Risk, makes the case that bolder and more immediate action is necessary in order to protect U.S. financial markets from the systemic risks posed by the climate crisis.
In this session, participants will:
Dissect the findings and recommendations from the report
Examine U.S. financial regulators progress towards addressing climate change
Explore the next steps regulators need to take to address climate risk in the financial system and how the regulatory landscape is changing
Evaluate the evolving systemic nature of the climate crisis
SPEAKERS
(Moderator) Steven M. Rothstein, Managing Director, Ceres Accelerator for Sustainable Capital Markets, Ceres
Yue (Nina) Chen, Director of Sustainability and Climate Initiatives, New York State Department of Financial Services (DFS)
Bob Litterman, Founding Partner, Kepos Capital
Veena Ramani, Senior Program Director, Capital Market Systems, Ceres