SEC Sets Comment Deadline for Climate Disclosure Proposal

The Federal Register notice for the SEC’s controversial climate-risk disclosure proposal now sets the comment deadline as May 20.  As we noted when the proposal was approved, it aims to require Scope 1 and 2 emissions disclosures and includes an initial construct that will gradually lead to Scope 3 disclosures from larger companies.

Global Supervisor Prioritizes Commodity-Market Risk

As we noted in our weekly update, global regulators are increasingly concerned about commodity-market volatility.  In an interview today, FSB Secretary General Dietrich Domanski said that the top supervisory priority now should be monitoring commodity prices and valuations to anticipate margining stress and liquidity shortfalls.