CFTC

“Climate risk is very unique as compared to traditional financial market risk. It's not linear in the sense that it's predictable, and then you can rely on past quarters or past performance to predict future outcomes. It is a lot of unknowns, and we need to be …”

“Is it fair to say that climate change currently is going to cause financial stability or a financial crisis? No, not at the time. But if we have to think about climate change going forward for decades, and when you have these micro shocks across the country, w…”

“If you look up the definition of commodity in the Coney Exchange Act, there's pretty much everything. Like if it's not a security, it's a commodity. So it naturally sort of fell to us because it wasn't clearly defined as a security.”

“By law, we can't have more than three members of the commission of the same political party.”

“We were the first Real regulator to be from a government perspective to touch crypto assets. And there were two reasons. A few years earlier, it had been determined by the agency that Bitcoin is a commodity.”

“Historically, we are a market that helps mitigate, in many respects, climate risk. It's certainly commercial risk for a farmer or rancher to be able to know that someone's going to be able to buy their harvest at the end of the season, but ultimately, if you'r…”

“Although we have different particular metrics with which we stress test institutions for traditional financial stress in the U.S., Those would be relevant, but the more important thing would be to make sure that we coordinate and do it on a consistent basis in…”

“Number one recommendation was carbon price.”

“Greenspan and Summers and Levitt of the SEC waged war against the CFTC doing its job of regulating subprime instruments. They each, in turn, called up Brooksley Bourne, who was the boss, a lady of iron nerve and principle. They harangued her, saying, what are …”