BASEL III . Britain carves out exemption for gold clearing banks from Basel III rule !
LBMA : "This is one of the key points that what we've been asking for all these years," said Sakhila Mirza, the LBMA's chief counsel. "Clearing will be exempt."
https://www.reuters.com/world/china/britain-carves-out-exemption-gold-clearing-banks-basel-iii-rule-2021-07-09/
Bob Coleman explains how LBMA will continue it´s operations , trading unallocated gold , as before . Keep in mind, Basel III is an international voluntary regulatory framework designed to strengthen bank capital. So, Basel III will not have the so awaited impact to Gold price...business as usual.
https://www.goldsilvervault.com/blog/basel-3-and-londons-relationship-with-gold
Why PM prices will go higher., page-161
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