In this episode
In this episode, Russ Behnam of the Commodity Futures Trading Commission talks with FIA President and CEO Walt Lukken about the CFTC agenda and the commissioner’s groundbreaking work on the risks to financial markets posed by climate change. Commissioner Behnam has been at the commission since June 2017 and as sponsor of the Market Risk Advisory Committee has published a new report entitled Managing Climate Risk in the U.S. Financial System that makes 53 recommendations to mitigate the risks to financial markets posed by climate change. FIA recently published a policy paper in consultation with its members across the cleared derivatives industry on climate-related risks for financial markets and the global economy. Additionally, Lukken penned a Viewpoint piece arguing that markets need to be a part of the climate change solution.