47. Emphasises that, although market solutions, including the development of a global carbon market, through "cap and trade" mechanisms or taxation schemes in developed countries, are not the solution for developing countries in the near future, this must remain the long-term goal for all negotiations; calls on the EU and its partners in the world to find, in the immediate future, the most effective way of promoting links between the EU ETS and regional or federal trading schemes in the USA and elsewhere, which in turn would promise greater diversity of abatement options, improved market size and liquidity, and ultimately a more efficie ...[+++]nt allocation of resources;

41. Emphasises that, although market solutions, including the development of a global carbon market, through ‘cap and trade’ mechanisms or taxation schemes in developed countries, are not the solution for developing countries in the near future, this must remain the long‑term goal for all negotiations; calls on the EU and its partners in the world to find, in the immediate future, the most effective way of promoting links between the EU ETS and regional or federal trading schemes in the USA and elsewhere, which in turn would promise greater diversity of abatement options, improved market size and liquidity, and ultimately a more efficie ...[+++]nt allocation of resources;

Monetary Financial Institutions comprise resident credit institutions as defined in Community law, and all other resident financial institutions whose business is to receive deposits and/or close substitutes for deposits from entities other than MFIs, and, for their own account (at least in economic terms), to grant credits and/or to make investments in securities.

(5) Whereas the said common definition for statistical purposes specifies that Monetary Financial Institutions comprise credit institutions as defined in Community law, and all other resident financial institutions whose business is to receive deposits and/or close substitutes for deposits from entities other than Monetary Financial Institutions and, for their own account (at least in economic terms), to grant credits and/or to mak ...[+++]e investments in securities;

2.48. Definition: The subsector other monetary financial institutions (S.122) consists of all financial corporations and quasi-corporations, except those classified in the central bank subsector, which are principally engaged in financial intermediation and whose business is to receive deposits and/or close substitutes for deposits from institutional units other than monetary financial institutions, and, for their own account, to grant loans and/or to make investments in securities.

2.53. Definition: The subsector other financial intermediaries except insurance corporations and pension funds (S.123) consists of all financial corporations and quasi-corporations which are principally engaged in financial intermediation by incurring liabilities in forms other than currency, deposits and/or close substitutes for deposits from institutional units other than monetary financial institutions, or insurance technical reserves.