/PRNewswire/ The "4th Annual Mining Investment North America" conference has been added to ResearchAndMarkets.com s offering. Now in its 4th year, Mining.
/PRNewswire/ The "4th Annual Mining Investment North America" conference has been added to ResearchAndMarkets.com s offering. Now in its 4th year, Mining.
/PRNewswire/ The "4th Annual Mining Investment Hybrid North America" conference has been added to ResearchAndMarkets.com s offering. Why Mining Investment.
Dear Friend of GATA and Gold:
Having just gotten from the Bank of England an exemption from the “Basel 3” protocol that threatened to make the “paper gold” business prohibitively expensive for bullion banks, the London Bullion Market Association announced yesterday that the European Banking Authority has agreed to consider reducing the burden that Basel 3’s “net stable funding ratio” imposes on bullion banks in the European Union.
The LBMA statement added that the organization is “exploring further lobbying efforts” with other jurisdictions about the Basel 3 burden.
The LBMA report, headlined “Net Stable Funding Ratio: Update,” said:
“European Union: Following a request by LBMA to the European Commission, an assessment is being carried out by the European Banking Authority (EBA). The EBA shall assess whether it would be justified to reduce the net stable funding ratio for assets used for providing clearing and settlement services of precious metals or as