Oonagh McDonald
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Gold and silver fixing
in Holding bankers to account
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This chapter begins with short histories of the London bullion market, including the development of the Gold and Silver Fixes. After the breaking of the LIBOR and foreign exchange scandals, suspicions soon emerged that the gold and silver markets were also being rigged. Initial investigations by the Commodity Futures Trading Commission found no evidence of this, but orders would later be issued against a number of figures, notably trader David Liew, and steps would be taken to protect the system from manipulation.

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Holding bankers to account

A decade of market manipulation, regulatory failures and regulatory reforms


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