Summary
[UK Financial Conduct Authority: plans to review the LME’s approach to managing the suspension and resumption of the nickel market]The UK Financial Conduct Authority (FCA) said it plans to review the London Metal Exchange (LME) approach to managing the suspension and resumption of the nickel market. The Prudential Regulation Authority and the FCA will also further engage with companies with significant market positions through their respective regulatory processes. Now that trading has resumed, regulators are expected to remain vigilant on the London Metal Exchange (LME) and London Clearing House until the situation is fully resolved. (Financial Association)
Britain’s Financial Conduct Authority (FCA) said it plans to review the way the London Metal Exchange (LME) manages the suspension and resumption of the nickel market. The Prudential Regulation Authority and the FCA will also further engage with companies with significant market positions through their respective regulatory processes. Now that trading has resumed, regulators are expected to remain vigilant on the London Metal Exchange (LME) and London Clearing House until the situation is fully resolved.
(Article source: Financial Associated Press)