I'd just be parroting what I've read but it will by the looks, re-evaluate gold by ending on paper easily manipulated unallocated gold and turning physical fully allocated gold into 1:1 tier 1 asset.
That will penalise banks holding the former due to the NSFR or "net stable funding ratio" that was initiated after the 2008 banking fiasco.
Banks holding unallocated gold can lend or hypothecate to other banks or institutions many times over, putting an end to that will severely disable the fact of shorting or manipulation of the gold price.
Banks and instos are thought to be getting out of their short positions in the lead up to the new Basel 3 rules coming in March/June next year.
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