BoE Trims Reporting Lag In Bid For Gold Market Transparency

Law360, London (September 2, 2020, 5:40 PM BST) -- The Bank of England and London Bullion Market Association will now publish information on gold held in the vaults of London with a one-month lag, down from the usual three months, in an attempt to improve transparency in the gold market.

The move is in line with the Fair and Effective Market Review, which sought to restore confidence in the financial markets after a number of high-profile abuses.

The holding data makes a key contribution to understanding the flow of precious metals into and out of the London market, according to Ruth Crowell, chief executive of the LBMA.

"LBMA is therefore...

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