CFTC Announces Climate-Related Agenda for June 12 Public Meeting
On June 5, the Commodity Futures Trading Commission announced the agenda for the upcoming Market Risk Advisory Committee (MRAC) public meeting that will focus on climate-related financial market risks.
Specifically, MRAC members and guests will conduct a series of panels discussing (1) potential climate change impact on the stability of the global financial system, (2) domestic and international policy initiatives and supervisory approaches to addressing climate-related risks on the financial market, (3) market participant approaches to such risks, including key risk management, governance and disclosure considerations, and (4) the related challenges ahead for regulators and market participants.
In addition, the Interest Rate Benchmark Reform Subcommittee regarding LIBOR transition will provide a status report, and Steven Maijoor, the chair of the European Securities and Markets Authority, will give a presentation on European Market Infrastructure Regulation 2.2, central counterparty stress testing and Brexit.
The MRAC meeting will be held on June 12.
More information is available here.