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CFTC Commish warns of “mission creep” on climate issue

By Al Barbarino (June 3, 2022 at 9:33 p.m. EDT) – The Commodity Futures Trading Commission voted unanimously to issue a request for information on climate-related financial risks, but one commissioner still criticized the agency for including issues it said – like digital assets – do not fall within the agency’s “legal jurisdiction”, while issues related to the agricultural sector are not included.

Across the 34 requests in Thursday’s request for information, the CFTC asked the public what data, climate analysis and stress-testing tools the agency should consider, how existing regulations and guidance could better address climate risk, and whether more disclosures are needed to support reporting to standardize.

CFTC Chairman Rostin Behnam in a…

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