Cadwalader Discusses the SEC’s Regulatory Posture on Climate Risk

Climate change-related risks to the U.S. financial system are attracting increasing public attention in recent years and are raising questions about how U.S. financial regulators, including the U.S. Securities and Exchange Commission (the “SEC”), will address such risks.  The SEC is on the precipice of issuing a proposed new rule regarding climate risk disclosures by public companies.

Although the attention being given to climate change financial risks is relatively new, the debate over the regulatory approach to climate change financial risks is merely the latest episode in a long-running series:  A reality-TV contest pitting principles-based financial regulation against … Read more