Yevgeny Shrago
yevshrag.bsky.social
Yevgeny Shrago
@yevshrag.bsky.social
Finreg, climate, the intersection thereof, Michigan sports, random thoughts.
The speech lays out 3 proposals for next steps by the CFTC. All three would match steps taken by other financial regulators.
1. A horizontal supervisory review of climate risk management
2. Scenario analysis exercises
3. Principles for climate risk management
August 28, 2023 at 5:43 PM
The full speech draws the connections between the climate crisis and the 2008 financial crisis.

It points out how Dodd-Frank gave agencies the tools they need to deal with climate risk.

And it reinforces the urgency of acting promptly.
August 28, 2023 at 5:42 PM
To counter-pedant, not all commodities are cheap and plentiful. They can be subject to the same underinvestment/supply constraint issues as housing is, sometimes for the same reasons.

But housing still isn’t a commodity or commoditized.
August 24, 2023 at 1:34 PM