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Basel III will up costs for EU banks trading gold
Published Tue, Oct 20, 2015 · 09:50 PM
Vienna
NEW liquidity rules for banks in the European Union could raise costs for those trading gold by up to 300 per cent, forcing them to withdraw from the market, the head of the London Bullion Association (LBMA) said.
Banks were found to be undercapitalised after the financial crisis began in 2007, forcing taxpayers to bail out many lenders a…
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