CEPS Task Force

Price Formation in Commodities Spot and Futures Markets

3

The unstoppable race of commodity prices comes at a critical moment, when European and US economies are languishing in regaining the ground lost as a result of the recent financial crisis. Policy makers and the public opinion are shrouded in a mist of mounting worries and anger around commodity prices. Regulators worldwide have agreed in the G20 to address price volatility and are bringing forward a number of regulatory proposals to improve the regulation, functioning, and transparency of commodity markets.

This Task Force brings together financial and non-financial firms with regulators and academics to shed light on the price formation mechanisms in spot and future markets, focusing on three major areas: trading, market abuse, and competition. CEPS will partner with the European Capital Markets Institute (ECMI) to engage the European institutions and the major experts in this area to provide input to this group. To learn more and register, please download the prospectus below.

Chair:
Ann Berg, Senior Consultant to UN-FAO

Rapporteurs:
Christian Egenhofer, CEPS Senior Research Fellow – Head of the Energy and Climate Programme
Diego Valiante, CEPS/ECMI Research Fellow – Financial Markets

Meetings:
1st meeting: 30 September 2011(Agenda)
2nd meeting: 21 October 2011 (Agenda)
3rd meeting: 18 November 2011 (Agenda)
4th meeting: 9 December 2011
5th meeting: 20 January 2012
6th meeting: 10 February 2012
7th and last meeting: 16 March 2012
Task Force report published and launched in September 2013, see: Price Formation in Commodities Markets: Financialisation and Beyond

Prospectus (including agenda and registration form)

Christian Egenhofer

Associate Senior Research Fellow

Diego Valiante