CMC Meets with the Confederation of British Industry

CMC met with a senior executive from the Confederation of British Industry (CBI).  The CBI has 240,00 members – essentially companies of various sizes that operate in the U.K.  Their staff in Brussels has been active in lobbying European legislators and the European Commission on derivatives issues, from both the end-user and financial services perspectives.  CMC and CBI discussed the differences between Dodd-Frank-related rulemaking being promulgated by the CFTC and the rules being adopted by European regulators (e.g. the U.K. will not be imposing position limits, Europe does not have a “Volcker Rule” provision, the political rhetoric against speculation is strident in France, etc).

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