LBMA and WGC Push for Gold's Upgrade to HQLA Status Under Basel III The London Bullion Market Association (LBMA) and World Gold Council (WGC) are advocating for gold to be reclassified as a High-Quality Liquid Asset (HQLA) under Basel III regulations. In a recent meeting with the Bank of International Settlements (BIS), they presented data and research supporting this change, which could enhance market stability, improve liquidity, and boost confidence in the financial system. The BIS representatives provided positive feedback and guidance on additional information needed to progress the reclassification. This move could significantly benefit financial institutions and the broader economy by strengthening gold’s role in the global financial system. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Leading Economic Index Suggests U.S. Recession Fears Receding READ MORE U.S. Labor Market Beats Expectations with 275,000 New Jobs READ MORE S&P 500 Nears Worst Month in Over a Year as Rising Yields Signal Inflation Concerns READ MORE December Consumer Prices Rise Unexpectedly, Surpassing Forecasts READ MORE U.S., Japan, and South Korea Unite to Stabilize Dollar READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment