CFTC to Establish Climate-Related Market Risk Subcommittee
CFTC announced that it has voted to establish the Climate-Related Market Risk Subcommittee under its Market Risk Advisory Committee (MRAC). The Subcommittee is expected to provide a report to the MRAC that will identify and examine the climate change-related financial and market risks. CFTC is inviting the submission of nominations for the Subcommittee membership.
Topics and issues this Subcommittee may consider include, but are not limited to, the following:
- 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 financial stability indicators
Keywords: Americas, US, Banking, Insurance, Securities, Market Risk, Climate-Related Financial Risk, Stress Testing, Risk Management, CFTC
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Cristian deRitis, PhD
Leading economist; recognized authority and commentator on personal finance and credit, U.S. housing, economic trends and policy implications; innovator in econometric and credit modeling techniques.
Dr. Tony Hughes
Tony oversees the Moody’s Analytics credit analysis consulting projects for global lending institutions. An expert applied econometrician, he has helped develop approaches to stress testing and loss forecasting in retail, C&I, and CRE portfolios and recently introduced a methodology for stress testing a bank’s deposit book.
Previous Article
BCBS Issues Basel III Monitoring Updates in July 2019Related Articles
|
News
ESMA Releases Enforcement Priorities for 2019 Annual Financial ReportsESMA published a statement on the priorities that European enforcers will consider when examining the 2019 annual financial reports of listed companies.
October 22, 2019
WebPage
Regulatory News
|
|
News
EC Consults on Alternative Standardized Approach for Market RiskEC is consulting on a delegated regulation amending the Capital Requirements Regulation (CRR) with regard to the alternative standardized approach for market risk.
October 21, 2019
WebPage
Regulatory News
|
|
News
CPMI Report Examines Impact of Global StablecoinsThis report by the G7 Working Group on Stablecoins finds that stablecoins, regardless of size, have implications ranging from anti-money laundering efforts across jurisdictions to operational resilience (including for cyber security), consumer or investor and data protection, and tax compliance.
October 18, 2019
WebPage
Regulatory News
|
|
News
BoE Announces Date for Publication of Stress Test Results for BanksBoE announced its plans to publish results of the full UK annual stress tests on December 10, 2019.
October 18, 2019
WebPage
Regulatory News
|
|
News
US Agencies Request Comments on Use and Impact of CAMELS RatingsUS Agencies (FDIC and FED) are seeking information and comments from interested parties regarding the consistency of ratings assigned by the agencies under the Uniform Financial Institutions Rating System (UFIRS).
October 18, 2019
WebPage
Regulatory News
|
|
News
PRA Consults on Approach to Supervising Liquidity and Funding RisksIn consultation paper (CP27/19), PRA published a proposal (CP27/19) to update the supervisory statement SS24/15 on the PRA approach to supervising liquidity and funding risk.
October 17, 2019
WebPage
Regulatory News
|
|
News
US Agencies Consult on Policy Statement on Allowance for Credit LossesUS Agencies (FDIC, FED, NCUA, and OCC) are consulting on the policy statement on allowances for credit losses and on the guidance on credit risk review systems.
October 17, 2019
WebPage
Regulatory News
|
|
News
FSI Paper Examines Use of Suptech Initiatives by Financial AuthoritiesThe Financial Stability Institute (FSI) of BIS published a paper that examines the suptech developments by analyzing suptech initiatives of 39 financial authorities globally.
October 17, 2019
WebPage
Regulatory News
|
|
News
US Agencies Publish Notice to Extend Form FFIEC 102 for Three YearsUS Agencies (FDIC, FED, and OCC) published a joint notice regarding extension of the market risk regulatory report for institutions subject to the market risk capital rule (FFIEC 102).
October 17, 2019
WebPage
Regulatory News
|
|
News
ECB Publishes Recommendations on Euro Risk-Free Rates TransitionECB published a report, by private sector working group on euro risk-free rates, which contains recommendations, from a risk management perspective, on the transition to new risk-free rates.
October 17, 2019
WebPage
Regulatory News
|
