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FIA Boca-V: Acting Chairman Behnam Looks For Expedience and Patience in CFTC’s Climate Change Response

FIA Boca-V: Acting Chairman Behnam Looks For Expedience and Patience in CFTC’s Climate Change Response

In a one-on-one discussion with FIA President Walt Lukken on Thursday, Acting CFTC Rostin Behnam talked about the commission’s new Climate Risk Unit, saying the unit will let the commission pivot its attention away from the broader concerns about the effects of climate change on financial markets raised in last year’s report from the CFTC’s Market Risk Advisory Committee to a focus on derivatives’ role in smoothing the transition to zero carbon emissions by 2050. 

FIA Boca-V: EU Commissioner McGuinness Takes Stern View Post-Brexit

FIA Boca-V: EU Commissioner McGuinness Takes Stern View Post-Brexit

If there still are any doubters as to the extent of Brexit’s impact on London’s financial markets, Mairead McGuinness, European commissioner for financial services, set them straight on Tuesday. In a keynote address to the FIA’s Boca conference, she called the U.K.’s then-popular 2016 decision to leave the E.U. “a major fragmenting event” with consequences. 

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