The Commodity Futures Trading Commission (CFTC) seeks information on the following topics and issues being addressed by the Climate-Related Market Risk Subcommittee under the Market Risk Advisory Committee (MRAC). Comments are due by May 14, 2020.
Identifying challenges or impediments to evaluating and managing climate-related financial and market risks;
Identifying how market participants can improve integration of climate-related scenario analysis, stress testing, governance initiatives, and disclosures into financial and market risk assessments and reporting;
Identifying policy initiatives and best practices for risk management and disclosure of financial and market risks related to climate change that support financial stability;
Identifying appropriate methods by which market participants' data and analyses can enhance and contribute to the assessment of climate-related financial and market risks and their potential impacts on agricultural production, energy, food, insurance, real estate, and other financial stability indicators; and
Identifying financial and market risks arising from potential economic policy responses to climate change.