London’s gold market is more liquid than bonds- LBMA

Financial Post | Jul 11, 2019 at 3:01 PM
  • To persuade the EBA of the need for an exemption, the LBMA calculated the liquidity of London’s precious metals market and compared this with the EBA’s ratings of assets including government and corporate bonds.
  • To make the calculations, the LBMA used new data on trades which settle in London and Zurich, another precious metals trading center closely connected to London.
  • The rules are part of Basel III regulations designed to make banks more stable.