LBMA Media Centre

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LBMA Silver Price Consultation

Friday, August 04, 2017

IBA will take over the administration of the LBMA Silver Price later this year and will implement essentially the same processes and principles as currently apply to the LBMA Gold Price.

Public Consultation

IBA will focus on increasing the number of participants and bringing the benchmark under IBA’s IOSCO-compliant governance and oversight framework.

IBA will focus on increasing the number of participants and bringing the benchmark under IBA’s IOSCO-compliant governance and oversight framework. Further details relating to the proposed changes are set out in more detail in the document here.

Any comments on the proposed changes should be addressed to IBA at iba@theice.com by Monday 21 August 2017.

Ruth Crowell, Chief Executive of the LBMA said "It is important that this benchmark meets the requirements of the silver market. As such I would strongly encourage all of our Members to review the proposed changes and provide any comments to IBA."


 

 

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