By Paul Ploumis (ScrapMonster Author)
October 26, 2015 05:33:51 AM
The London Bullion Market Assocation (LBMA) executive chief Ruth Crowell expects China and Asian region to impact gold industry in teh years to come.LBMA Executive Chief Comments On Developments In OTC Gold Market
(Kitco News) - As lenders and market participants seek new ways to develop the gold industry, particularly the over-the-counter market, Kitco News speaks with the London Bullion Market Assocation's (LBMA) executive chief, Ruth Crowell, to find out what changes are in store.

At the organization’s annual conference, Crowell told Kitco News to expect new services in the marketplace as early as 2016.

‘But it’s evolution, not revolution,’ she said, noting that some of the processes will gradually change over the course of time.

‘You’ll ultimately have many folks who are happy to trade the way they are and that is going to continue,’ she said.

‘But we’re looking at ways we can have more efficiencies, looking at pressures coming from the regulators, particularly on balance sheet issues, and seeing how we can compress some of those and make it a more vibrant space,’ she explained.

Looking at China and its role in the gold market, Crowell said she expect the country, and the Asian region as a whole, to continue to impact the gold industry in the years to come.

'I think we’ll see more participation and certainly more interest.’

Courtesy: Kitco News