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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-08-28T17:54:00
A commissioner with the Commodity Futures Trading Commission (CFTC) recommended three action items to help the agency and regulated entities “measure, understand, and address climate-related financial risk.”
In a speech delivered Friday during a sustainable finance conference at Yale University, CFTC Commissioner Christy Goldsmith Romero said the agency has a responsibility to understand the climate risks posed to the commodities market. Doing so helps the market remain resilient, she said.
“Climate change poses an evolving, systemic risk to U.S. financial stability and markets that financial regulators have a responsibility to monitor,” she said. “… We need to evolve our understanding of climate risk. We need to ensure that there is appropriate climate risk management so there is not a threat to financial stability.”
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2023-12-28T16:28:00Z By Aaron Nicodemus
The New York State Department of Financial Services issued guidance to regulated banking and lending institutions on managing material financial and operational risks related to climate change.
2023-09-08T14:14:00Z By Aaron Nicodemus
John Gagel, chief sustainability officer for Lexmark International, shares with Compliance Week why the private company tracks its greenhouse gas emissions and plans to comply with the climate-related disclosure rule proposed by the Securities and Exchange Commission.
2023-06-30T16:15:00Z By Jeff Dale
The Enforcement Division of the Commodity Futures Trading Commission announced it established two new task forces to combat cyberattacks and misuse of technology and environmental fraud.
2024-12-10T17:23:00Z By Ruth Prickett
Earlier this year, amid then-Republican presidential candidate Donald Trump’s campaign promise to end taxes on tips in the U.S., the U.K. government introduced a new law to ensure that all tips are paid in full to staff, regardless of whether they were given in cash or by credit card. ...
2024-12-09T14:08:00Z By Adrianne Appel
Business owners can stop preparing their 2025 anti-money laundering reports for the Treasury Department’s Financial Crimes Enforcement Network, according to a Texas court, which ruled the Corporate Transparency Act requirement unconstitutional.
2024-12-04T20:36:00Z By Aly McDevitt
President-elect Donald Trump appeared to strengthen his ties to the crypto industry when he nominated a popular crypto advocate, Patomak Global Partners founder Paul Atkins, to be the next chairman of the Securities and Exchange Commission.
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