SILVER Act aims to enhance precious metals storage by expanding geographic diversity and competition.
The SILVER Act seeks to amend the Commodity Exchange Act to address systemic risks associated with the geographic concentration of precious metals storage. It mandates that systemically important derivatives clearing organizations assess and account for factors like geographic diversity, competition, risk management, and storage costs. The bill also requires these organizations to approve new depositories to increase liquidity, market resiliency, and market access.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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