They are intended to be reliable sources of liquidity, even in challenging or volatile market conditions.
The World Gold Council (WGC) and the London Bullion Market Association (LBMA) are working together to for the advancement of gold as a high-quality liquid asset (HQLA).
HQLAs are are unencumbered assets that banks hold to ensure they can be easily and immediately converted into cash at little or no loss of value during periods of financial stress.
