Climate change poses a major risk to the stability of the U.S. financial system and to its ability to sustain the economy, according to a groundbreaking new report. The report, Managing Climate Risk in the U.S. Financial System, is by the Climate-Related Market Risk subcommittee, an independent subcommittee of the U.S. Commodity Futures Trading Commission (CFTC). Join us for a conversation with the report’s authors.
In this session, participants will:
Examine the major risk posed by climate change to the U.S. economy and financial system
Explore the report’s findings on the need for improved risk management of climate change via stress tests, scenario analysis, and robust climate risk disclosure
Review the growing calls to action for financial regulators to incorporate climate change across their mandates
Outline steps that financial regulators can take right now to operationalize the recommendations in the report
Speakers
CFTC Commissioner Rostin Behnam, Report and Climate-Related Market Risk Subcommittee Sponsor
Bob Litterman, Climate-Related Market Risk Subcommittee Chairman
Mindy Lubber, CEO and President, Ceres; Climate-Related Market Risk Subcommittee member
Moderator
Veena Ramani, Senior Program Director, Capital Market SystemsÂ