In pursuit of 475,500 stolen European Union Allowances
FT Alphaville » Austria 2013-08-01
Summary:
If you thought illiquid European sovereign markets weren’t enough of a problem — time now to familiarise yourselves with the latest trading quagmire to hit Europe.
On Wednesday, the European Union was forced to suspend transfers of its carbon units, known as European Union Allowances (EUAs), after it transpired that yet more contracts had been stolen from national registry accounts. The Czech Republic’s, in this case.
Continue reading: In pursuit of 475,500 stolen European Union Allowances