By Ann Saphir
By Ann Saphir
SAN FRANCISCO, Dec 11 (Reuters) – The primary public report on climate-related dangers to monetary markets ever commissioned by a U.S. market regulator shall be out in June, the top of the group charged with writing it stated on Wednesday.
The report, by a 35-member panel shaped final month by the Commodity Futures Buying and selling Fee, “will handle each the short-term monetary dangers which may be related to the transition to a low carbon financial system, in addition to the present and future market and monetary dangers related to the bodily dangers that may come up from a warming local weather,” Bob Litterman, a accomplice at hedge fund Kepos Capital and the panel’s chair, stated at a public assembly held on the CFTC’s Washington headquarters.
It is going to embrace coverage suggestions on oversight, together with disclosures and stress testing towards local weather occasions, in addition to concepts for brand spanking new merchandise for hedging towards local weather danger, he stated, including, “At present the incentives all over the world go within the fallacious course, and this has to vary.”
Regulators in Europe…