LBMA takes stake in gold, platinum, palladium benchmarks

Section:

By Jan Harvey
Reuters
Friday, November 28, 2014

LONDON -- The London Bullion Market Association will take on intellectual property rights for gold, platinum, and palladium price benchmarks when they are launched by new administrators, the industry body said on Friday.

London's bullion price benchmarks, or fixes, were transformed this year as regulatory scrutiny and accusations of market manipulation made price-setting among a handful of banks untenable.

ICE Benchmark Administration was named as the new operator of what will become the LBMA Gold Price early next year after the previous precious metals benchmarks, known as the fixes, were wound down. ...

... For the remainder of the report:

http://www.reuters.com/article/2014/11/28/us-precious-benchmarks-lbma-id...



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