U.S. derivatives regulators are planning a public hearing next month to examine the financial risks that may arise due to climate change.
The U.S. Commodity Futures Trading Commission’s (CFTC) market risk advisory committee (MRAC) will hold a public meeting on June 12 at the regulator’s headquarters in Washington, D.C. to discuss climate-related financial risks.
The event will feature a series of panels looking at the potential impact of climate change on the future stability of the global financial system; efforts to address climate-related financial risks; the financial industry’s approaches to managing these kinds of risks; and, future challenges for both regulators and the derivatives industry.
“Assessing climate-related market risk that could impact the stability of our nation’s financial system must be a priority,” said Rostin Behnam, CFTC commissioner and MRAC sponsor, in a statement.
“It’s time for the United States to take a more active leadership role and join our international counterparts in addressing this issue.”