Federal Register, Volume 85 Issue 72 (Tuesday, April 14, 2020) 
[Federal Register Volume 85, Number 72 (Tuesday, April 14, 2020)]
[Pages 20678-20679]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-07860]



Climate-Related Market Risk Subcommittee Under the Market Risk
Advisory Committee

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.


SUMMARY: The Commodity Futures Trading Commission (CFTC or Commission)
is seeking public comment on topics and issues being addressed by the
Climate-Related Market Risk Subcommittee (Subcommittee, or MRAC Climate
Subcommittee) under the Market Risk Advisory Committee (MRAC). The MRAC
is a discretionary advisory committee established by the Commission in
accordance with the Federal Advisory Committee Act.

DATES: The deadline for the submission of nominations is May 14, 2020.

[[Page 20679]]

ADDRESSES: Comments should be submitted online by going to the
following website: https://www.cftc.gov/MRACclimate. If you are unable
to submit comments online, contact David M. Gillers, the Subcommittee
Alternate Designated Federal Officer and Chief of Staff to Commissioner
Rostin Behnam, via the contact information listed below to discuss
alternate means of submitting your comments. All comments must be
submitted in English, or if not, accompanied by an English translation.
Comments must be limited to the shorter of 4 pages or 1,000 words.
Comments will be posted as received.

Subcommittee Alternate Designated Federal Officer and Chief of Staff to
Commissioner Rostin Behnam at (202) 418-6026 or email:
[email protected].

SUPPLEMENTARY INFORMATION: The Subcommittee was established to provide
a report to the MRAC that will identify and examine climate change-
related financial and market risks, including for derivatives markets.
Within this charge, the Subcommittee may consider, but is not limited
to, the following issues and topics:
     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.
    The Subcommittee will provide its report directly to the MRAC and
will not provide reports and/or recommendations directly to the
Commission. The Subcommittee has no authority to make decisions on
behalf of the MRAC, and no determination of fact or policy will be made
by the Subcommittee on behalf of the Commission.
    The CFTC invites the public to provide comments on the above-
mentioned issues and topics. Please note that comments received,
including any attachments and other supporting material, will be shared
with the Subcommittee and posted on the CFTC website. Therefore, do not
include any information in your comments or supporting materials that
you consider confidential or inappropriate for public disclosure. If
you include your name, contact information, or other information that
identifies you in the body of your comments, that information will be
on public display.

(Authority: 5 U.S.C. App. II)

    Dated: April 9, 2020.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2020-07860 Filed 4-13-20; 8:45 am]