Commodity Markets Council - Europe
Budget
€200 — €0
EP Access
0
accredited persons
Staff
1
0.25 FTE
EU Grants
None
Mission & Goals
CMCE is comprised of agriculture, energy, metals and other commodity market participants, price reporting agencies and trading venues established and/or operating in the EU, the UK, Switzerland and neighbouring countries. It promotes effective regulation for commodity derivative markets that reflects the key functions of these markets and that is consistent across jurisdictions. It engages on developing regulation that enhances market integrity without unduly harming commercial market participants. It represents its membership with policy makers and regulators alike including EU institutions, the European Securities and Markets Authority, national governments, national financial and market regulators, the International Organization of Securities Commissions and others.
EU Legislative Interests
EU financial services regulation touching on the commodity markets, such as the Markets in Financial Instruments Directive/Regulation (MiFID II/MiFIR), Market Abuse Directive/Regulation, Benchmarks Regulation, European Market Infrastructure Regulation (EMIR), Regulation and Directive on prudential requirements for investment firms, Sustainable finance, Securities Financing Transactions Regulation, Brexit, Regulation on Wholesale Energy Market Integrity and Transparency (REMIT), Macroprudential policies for non-bank financial intermediation (NBFI)
Communication Activities
CMC Europe members regularly invite speakers from the EU institutions or national competent authorities to exchange views on developments in commodity markets at the CMCE Annual Members' Meeting. CMCE publications and comment letters are available on our website. CMCE LinkedIn page is used to promote CMCE activities and engage with stakeholders. CMC US, the US counterpart to CMCE, hosts a ‘State of the Industry’ conference at the beginning of every year to which it usually invites a number of European guests for its ‘European Focus’ panel.
Interests Represented
Promotes their own interests or the collective interests of their members
Organisation Members
Archer Daniels Midland Argus BP Bunge Cargill Chevron CME Group Conoco Phillips (U.K.) LTD European Energy Exchange AG General Index Glencore Gunvor Hartree Partners, LP Intercontinental Exchange (ICE) Koch Industries London Metal Exchange Louis Dreyfus Company Mercuria Mitsui & Co. S&P Global (Platts) Shell TOTSA Trafigura Vitol
Commissioner Meetings
No recorded meetings with EU commissioners.