|08.30||Registration and breakfast.|
|09.00||Introductory remarks||Aram Shishmanian, CEO, World Gold Council.|
|Chairman’s introduction||John Nugee, former Chief Manager of Reserves, Bank of England.|
|09.15||What do users want to see in a reformed benchmark?|
This session will ask the users of the London Gold Fix what they would like to see in terms of reform. What aspects of the Gold Fix are desirable and what aspects should be changed? What are the optimal characteristics of a reformed system?
- Introductory remarks by Natalie Dempster of the World Gold Council.
|10:00||Market-led options for achieving IOSCO compliance.|
This session will discuss options for a reformed or alternative price setting mechanism. It will discuss existing alternative price-setting mechanisms and the pros and cons of each. Service providers will be asked to share their views on any new benchmarks and supporting platforms under consideration that may have arisen due to developments in the silver industry.
- Introductory remarks by John Nugee, former Chief Manager of Reserves, Bank of England.
|11:15||Beyond IOSCO: Should the gold market be modernising more than just the price-benchmark process?|
This session will ask whether gold market participants should be going further in their reform efforts. It will discuss, more generally, some of the perceived shortcomings in the gold market infrastructure. What other reforms are necessary to modernise the London gold market and what impact could this have on the industry?
- Introductory comments by Natalie Dempster of the World Gold Council.
|12:15||Chairman’s closing remarks||John Nugee, former Chief Manager of Reserves, Bank of England.|
|Next steps and close||Aram Shishmanian, CEO, World Gold Council.|