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


=======================================================================
-----------------------------------------------------------------------

COMMODITY FUTURES TRADING COMMISSION


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.

FOR FURTHER INFORMATION CONTACT: David M. Gillers, MRAC Climate 
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]
 BILLING CODE 6351-01-P