World Gold Council, LBMA thought to be considering collaboration

Section:

Could London Gold Groups Join Forces for the Greater Good?

By Ben Kilbey
Platts, London
Friday, November 13, 2015

The possibility of the London Bullion Market Association and World Gold Council collaborating more closely to promote the development of London gold trading seemed less of an alien concept this week than before, with some saying it would be in the best interests of London's financial sector for the two to join forces.

There has been talk in the market since the launch of a World Gold Council initiative with five banks, still not announced but well known in the market, followed by the LBMA's "request for information," that the two may collaborate. The WGC declined to comment.

The WGC represents the miners, thus firmly on the sell side, while the LBMA represents a variety of market counterparts, mainly refiners, and acts as a proxy regulator in an age of increasing audit trails. ...

... For the remainder of the report:

http://blogs.platts.com/2015/11/13/twice-as-nice-london-gold-groups-join...



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