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ISDA says FRTB unduly penalises carbon credit trading

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Published on: 23 July 2021

Published by LNB News

LNB News 23/07/2021

Document Information

Issue Date: 23 July 2021

Published Date: 23 July 2021

Jurisdiction(s): United Kingdom

Article summary

The International Swaps and Derivatives Association (ISDA) has published a paper exploring the impact of the Fundamental Review of the Trading Book (FRTB) on the trading of carbon certificates. ISDA’s analysis suggest the FRTB in its current form unduly penalises carbon credit trading, which could impair the ability of banks to act as intermediaries in the emissions trading system market globally, and hamper a key tool for policy-makers to ensure a cost-effective transition to a carbon-neutral economy.

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