UK authorities investigating LME over nickel trading suspension
Regulators to probe governance at the metals exchange after “disorderly” conditions halted trading
The Bank of England and Financial Conduct Authority have launched investigations into the London Metal Exchange, after volatile market conditions led the exchange to halt nickel trading in early March.
The FCA will examine LME’s “approach to managing the suspension and resumption of the market”, in relation to the firm’s “governance and market oversight arrangements”.
The BoE, which oversees LME Clear, a central counterparty, and many banks that trade in LME’s markets, will review LME Clear’s
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