GFMA SMARTBRIEF
GFMA SmartBrief is a daily newsletter published by our parner, SmartBrief. If offers a summary of industry news and updates from GFMA and its regional members AFME, ASIFMA and SIFMA.
Global Correspondence
GFMA Submits Comments to the FSA on Regulating Bidding for Emissions Allowances
The Commodities Working Group of GFMA provides comments to the Financial Services Authority (FSA) on the Consultation Paper: Regulating Bidding for Emissions Allowances under Phase Three of the EU Emissions Trading Scheme (CP12/16). GFMA is supportive of the EU Emissions Trading Scheme (ETS) and welcomes Phase III as an important step towards increasing the efficiency of allocating emission allowances. This correspondence highlights two points in relation to the resultant two tier regulatory approach.
