BASEL 3. This article explains the new regulations and concludes that the recent joint LBMA/WGC consultation paper addressed to the British regulator is unlikely to save London’s unallocated gold trading market. And because Basel 3 regulations are scheduled to be introduced into the UK at the year-end all banks in the London gold market can be expected to wind down their exposure well ahead of the deadline. https://www.goldmoney.com/research/goldmoney-insights/the-end-of-the-lbma-is-nigh
CEL Price at posting:
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