An “enforcement investigation” into the London Metal Exchange has been announced by the FCA on the same day as the Bank of England stated its intention to use statutory powers to continue scrutiny of the exchange’s clearing house, LME Clear. The moves come almost a year to the day after
Regulators keep a close grip on LME as FCA and BoE announce fresh measures
A year after cancelling a day’s trading worth $3.9bn, the London Metal Exchange remains under close regulatory scrutiny.