SIB Releases Report Into LME In Wake Of Sumitomo Scandal

FRONT PAGE

THE UK's Securities and Investment Board (SIB) has recommended that the London Metal Exchange (LME) reform its trading practices, including improving the transparency of information published on trades between its members.

The recommendations come as part of a £750,000 review of the LME following last year's copper futures trading scandal involving Sumitomo Corporation. The LME is paying for the SIB's study.

Yasuo Hamanaka, Sumitomo's former chief copper dealer, racked up an estimated $2.5 bil

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: