Publication Committee: Market Practices

Financial Markets Standards Board (“FMSB”) brought together precious metals trading experts to consider the steps that the gold market needs to take to support the asset’s characterisation as a High-Quality Liquid Asset (HQLA).

This Spotlight Review calls for market participants to consciously evaluate the VCM’s evolution against its environmental aims, and highlights gaps in the current market ecosystem that may help in the VCM’s transition into a mature asset class.