Rostin Behnam & Sarah Bloom Raskin | The Impact of Climate Change on Financial Stability
Commodity Futures Trading Commission (CFTC) Commissioner, Rostin Behnam, and former Deputy Treasury Secretary, Sarah Bloom Raskin, discuss the risks that climate change poses to the stability of our financial system. Since joining the CFTC, Commissioner Behnam has advocated that the CFTC utilize its authority and expertise to ensure the derivatives markets innovate responsibly within an appropriate oversight framework. He recently led the CFTC's effort to establish the Climate-Related Market Risk Subcommittee. The subcommittee will identify and examine climate change-related financial and market risks; which some argue are comparable to those posed by the 2008 mortgage meltdown. Governor Raskin served as Deputy Treasury Secretary from 2014 to January 20, 2017. Previously, she served as a governor of the Federal Reserve Board and is currently a Rubenstein Fellow at Duke.
Sponsored by the Global Financial Markets Center.