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 Inflation Eases, But Its Impact Lingers in American Lives READ MORE Consumer Prices Cool Further: June Marks First Monthly CPI Drop Since 2020 READ MORE McDonald's Faces Earnings Dip as Consumer Spending Tightens READ MORE Global Air Travel in Turmoil as CrowdStrike Outage Continues READ MORE Gold Wavers as U.S. Economic Slowdown Spurs Rate Cut Speculation READ MORE Add a Comment Cancel replyYour email address will not be published.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