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 Gold Hovers Near $2,500 as Inflation Figures Set to Guide Fed Decision READ MORE FBI Alerts Public to 'Courier Scam' Targeting Seniors' Life Savings READ MORE As Dollar Rises, China's Central Bank Continues Gold Buying Spree READ MORE Stronger Jobs Data Triggers Over 2% Decline in Gold Prices READ MORE U.S. Job Openings Hit Lowest Point Since 2021 READ MORE Add a Comment Cancel replyYour email address will not be published.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