01.11.2023

MFA Statement on LME Independent Review

01.11.2023
CME Expands Metals Suite

Managed Funds Association Head of Global Regulatory Affairs Jennifer Han issued the following statement in response to the report from the independent review of the London Metal Exchange’s handling of the nickel crisis in March 2022:

“The independent review has confirmed our concerns that the LME lacked the systems and controls to manage through the March 2022 nickel crisis, but it is essential that a robust regulatory review addresses how LME failed in its regulatory function. LME failed to maintain an orderly market, manage conflicts of interest, and protect investors in the nickel market and must institute controls so market participants can engage in these markets with confidence.

Alternative asset managers rely on sound markets to deliver reliable returns for institutional investors such as pensions, especially during times of market volatility.”

Source: MFA

It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/

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Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:

SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:

COO of the Year Award winner! 🏆
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