LBMA reports strong interest in making London gold market more transparent

Section:

By Clara Denina
Reuters
Wednesday, November 25, 2015

Exchanges, brokers, and data vendors are interested in providing clearing or reporting services to make the gold market more liquid and transparent, the London Bullion Market Association said Wednesday.

Financial market transparency has been a major focus for regulators after evidence of price manipulation in lending rates between banks with the LIBOR scandal in 2012.

A clearing platform or an exchange could increase liquidity in the London gold market, and make it cheaper for users, analysts said.

Twenty entities have submitted 17 responses to a request-for-information process, the LBMA said in a statement. ...

... For the remainder of the report:

http://www.reuters.com/article/2015/11/25/lbma-gold-tender-idUSL8N13K3M7...



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