Q&A: CFTC’s Behnam on tackling market risk in climate change
Commissioner wants to see new derivatives products to help mitigate climate threat
Beating the drum on greater awareness of the risks posed by climate change can be a tough sell in the US. Rostin Behnam, commissioner at the Commodity Futures Trading Commission knows this – but he also has a plan he hopes allcomers can get on board with: the development of thriving new climate derivatives markets to help mitigate the risk.
In June, Behnam – a Democrat nominee who chairs the CFTC’s Market Risk Advisory Committee (MRAC) – announced the formation of a subcommittee dedicated to
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