LME Denounces EU Regulation as Damaging to the Market and Traders
- The commodities trading venue says that Europe's 'one-size-fits-all' approach won’t fit the metals market.
The London Metal Exchange (LME) has released a Whitepaper Whitepaper A whitepaper is defined as a pitch or persuasive, authoritative, and often in-depth report on a specific topic that presents a problem along with a respective solution. Marketers rely on whitepapers for a variety of reasons, most simply to educate an audience about a particular issue or to promote a particular methodology. In the cryptocurrency world, a whitepaper is a document that should contain all of the information about the technology that was used to build a cryptocurrency network, and ho A whitepaper is defined as a pitch or persuasive, authoritative, and often in-depth report on a specific topic that presents a problem along with a respective solution. Marketers rely on whitepapers for a variety of reasons, most simply to educate an audience about a particular issue or to promote a particular methodology. In the cryptocurrency world, a whitepaper is a document that should contain all of the information about the technology that was used to build a cryptocurrency network, and ho Read this Term slamming the upcoming European Union (EU) regulations as damaging to its trading specialty. The venue says that the risks in metals trading are different from those in the financial markets, and if Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term is not tailored accordingly, we could see irreparable damage to the wider industry.
“The LME supports EU regulators’ aims to increase transparency and reduce risk in the markets. However, requiring the metals industry to comply with regulation that is designed for other, completely different, asset classes may stifle participants’ ability to create global reference prices and manage their price risk,” said Garry Jones, LME CEO.
The wide scope of the new rules means that many in the metal markets, such as commodity traders, could face stringent new EU rules for the first time. However, in its paper the LME says it seems little attention has been focused by regulators on how the new rules will affect the metals markets in particular.
“The LME is working with regulators to ensure that the cumulative effect of these rules on the metal trading community is not underestimated. Meanwhile, the implementation dates of many of these rules are rapidly approaching, and participants throughout the metals value chain should be thinking about what the changes mean for their business,” said Kirstina Combe, Head of Regulation.
The London Metal Exchange (LME) has released a Whitepaper Whitepaper A whitepaper is defined as a pitch or persuasive, authoritative, and often in-depth report on a specific topic that presents a problem along with a respective solution. Marketers rely on whitepapers for a variety of reasons, most simply to educate an audience about a particular issue or to promote a particular methodology. In the cryptocurrency world, a whitepaper is a document that should contain all of the information about the technology that was used to build a cryptocurrency network, and ho A whitepaper is defined as a pitch or persuasive, authoritative, and often in-depth report on a specific topic that presents a problem along with a respective solution. Marketers rely on whitepapers for a variety of reasons, most simply to educate an audience about a particular issue or to promote a particular methodology. In the cryptocurrency world, a whitepaper is a document that should contain all of the information about the technology that was used to build a cryptocurrency network, and ho Read this Term slamming the upcoming European Union (EU) regulations as damaging to its trading specialty. The venue says that the risks in metals trading are different from those in the financial markets, and if Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term is not tailored accordingly, we could see irreparable damage to the wider industry.
“The LME supports EU regulators’ aims to increase transparency and reduce risk in the markets. However, requiring the metals industry to comply with regulation that is designed for other, completely different, asset classes may stifle participants’ ability to create global reference prices and manage their price risk,” said Garry Jones, LME CEO.
The wide scope of the new rules means that many in the metal markets, such as commodity traders, could face stringent new EU rules for the first time. However, in its paper the LME says it seems little attention has been focused by regulators on how the new rules will affect the metals markets in particular.
“The LME is working with regulators to ensure that the cumulative effect of these rules on the metal trading community is not underestimated. Meanwhile, the implementation dates of many of these rules are rapidly approaching, and participants throughout the metals value chain should be thinking about what the changes mean for their business,” said Kirstina Combe, Head of Regulation.