iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Banks to Use Gold Reserves to Mitigate Derivative Risk – $GLD, $IAU, $AUY, $NEM, $ABX

“The Federal Deposit Insurance Corporation (FDIC) yesterday issued a notice of proposed rulemaking that revises the measurement of risk-weighted assets by incorporating the latest changes to the Basel III framework and by implementing changes brought on by the Dodd-Frank Act. Among the many changes is one that allows banks to use gold reserves to mitigate derivative risk with a zero percent risk…”

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