Managing Climate Risk in the U.S. Financial System

Climate change poses a "slow motion" systemic threat to the stability of the U.S. financial system requiring urgent action from financial regulators, including the Federal Reserve and the Securities Exchange Commission. That is one of the findings of a recently released landmark report commissioned by the U.S. Commodity Futures Trading Commission and put together by a panel convened about 10 months ago by CFTC Commissioner Rostin Behnam. Please join us as Commissioner Behnam discusses the report's recommendations and next steps with Duke Law professor Sarah Bloom Raskin. Professor Raskin served as Deputy Treasury Secretary from 2014 to January 20, 2017 and prior to that she served as a governor of the Federal Reserve Board. Professor Raskin has been a leading voice on the need for financial regulators to incorporate climate change into their mandates. Sponsored by the Global Financial Markets Center. Please RSVP to jean.jentilet@law.duke.edu to receive the Zoom password.