LBMA Considers Handling All Precious Metals on Regulatory Change
- New association may cover gold, silver, platinum, palladium
- LBMA members to vote on new structure at AGM in June 2016
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The London Bullion Market Association is considering expanding its oversight to include platinum and palladium so that the market can better deal with regulatory changes.
Having all four precious metals, rather than just gold and silver, under one association makes sense from a banking and vaulting perspective, LBMA Chief Executive Ruth Crowell said at the trade group’s annual conference in Vienna on Monday. LBMA members will be asked to vote on the change at the annual general meeting in June, she said.