(Webcast) Climate Change and Financial Risks

Monday, April 26, 2021 | 2:00 pm – 3:30 pm

Program Chair & Moderator:
Lanier Saperstein
Jones Day

• Description
• Faculty
• Agenda
• CLE Credit
• Sponsors

• New York’s Department of Financial Services stated in October 2020 that “Financial risks from climate change are unprecedented.” U.S. SEC Commissioner Allison Herren Lee observed in November 2020 there “is a growing consensus that climate change may present a systemic risk to financial markets.” In March 2021, the SEC’s Division of Examination announced that it is “enhancing its focus on climate and ESG-related risks.” European regulators have been focusing on climate change and financial risks for several years. The French Treasury, for example, issued rules as early as 2015 imposing reporting requirements on institutional investors and financial asset managers headquartered or registered in France.

  Insurers, depository institutions, asset managers, mortgage originators and others are acutely aware of and trying to grapple with the very real costs, and the ensuing risks imposed by those costs, of climate change.

  A distinguished panel, including Nina Chen, DFS’s first ever Director of Sustainability and Climate Change Initiatives, Azish Filabi, Executive Director of the Maguire Center for Ethics in Financial Services and an Associate Professor at The American College of Financial Services, and Charlotte Gardes, Deputy Head of the Sustainability Finance & Climate Risk Unit of the French Treasury will discuss the financial risks of climate change, what regulators around the world are doing about it, and the practical steps financial institutions and other companies are taking.

  Program Fee:
  $99 for Members | $199 for Nonmembers

  Members who are Law Students, Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2019-2021), In-House/Corporate Counsel, Judges, and attorney members who practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

• Nina Chen
  Director of Sustainability and Climate Change Initiatives
  New York State Department of Financial Services

  Azish Filabi
  Executive Director
  Maguire Center for Ethics in Financial Services
  Associate Professor
  The American College of Financial Services

  Charlotte Gardes
  Deputy Head of Unit
  Sustainable Finance & Climate Risk
  French Treasury, Ministry of Economy and Finance

• 2:00 pm – 2:05 pm
  Introduction

  2:05 pm – 2:15 pm
  Realities of Climate Change

  2:15 pm – 3:00 pm
  Responses by Regulators in the US and Europe

  3:00 pm – 3:15 pm
  Responses by Industry

  3:15 pm – 3:30 pm
  Q&A

• New York: 1.5 Professional Practice
  New Jersey: 1.8 General
  California: 1.5 General
  Pennsylvania: 1.5 General
  Connecticut: Available to Licensed Attorneys

• Sponsoring Association Committees:
  Compliance, Patrick T. Campbell, Chair
  Environmental Law, L. Margaret Barry & Bethany Davis Noll, Co-Chairs
  Insurance Law, Frederick M. Garsson, Chair

  Sponsorship Opportunities are Available! Please Contact:
  Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org