RBS fraud lawsuit: Former trader says initial rise in spot EUA volume not suspicious

Published 19:06 on June 19, 2018  /  Last updated at 10:04 on June 29, 2018  /  EMEA, EU ETS  /  No Comments

A sharp rise in EUA spot trading in early 2009 was initially thought to be more likely due to a natural maturing of the carbon market rather than tax fraud, according to a former trader at UK bank RBS on Tuesday during a trial over a £160 million ($212 mln) lawsuit.

A sharp rise in EUA spot trading in early 2009 was initially thought to be more likely due to a natural maturing of the carbon market rather than tax fraud, according to a former trader at UK bank RBS on Tuesday during a trial over a £160 million ($212 mln) lawsuit.

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