Nickel-Market Failure Probed by U.K. Regulators
U.K. financial regulators launched a review into last month’s breakdown in nickel trading, and signaled they expect major changes at the London Metal Exchange to address what went wrong.
The Financial Conduct Authority said Monday it will examine the way the LME handled the suspension of nickel trading on March 8 and the market’s resumption a week later. The Bank of England, meanwhile, plans to review the operation of the London Metal Exchange’s clearing house when the market imploded.
