Traders at the London Metal Exchange
(Picture: REUTERS)The City’s top financial watchdogs have opened an investigation into the London Metal Exchange’s (LME) controversial recent shutdown of the nickel market.
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), part of the Bank of England, this morning said they would probe the LME’s handling of the market shutdown at the start of March to determine what “lessons might be learned” on governance, risk management controls and market oversight.
