In addition, the Association has taken over the functions previously performed by the London Gold Market and the London Silver Market in connection with the technical aspects of deliverable material, the rules governing application for inclusion in the list of acceptable Melters and Assayers and the codification of market practices as far as clearing and settlement are concerned.
The Role of Banks Currently, the role of commercial banks is limited to investment in gold as an SLR asset and to lend against bullion and specie. As mentioned, banks could play a more active role in financing gold-related activities.