LONDON – 12 July 2010 – Wolters Kluwer Financial Services announced today that the London Metal Exchange (LME) rulebook is now available on its Compliance Resource Network, which consolidates financial services laws, regulations and commentary from across the globe on a single research platform.
Established more than 130 years ago and located in The City of London, the LME is the world’s premier non-ferrous metals market. Adding its rulebook to the Compliance Resource Network will allow financial organisations to access the most current information available for the LME while tracking regulatory developments as they occur. Having access to this information on one platform helps financial firms reduce research time and costs—a major benefit to compliance officers as they navigate a challenging regulatory environment.
The Compliance Resource Network was launched to the UK financial services market earlier this year, and offers a comprehensive library of UK regulatory and legislative materials, as well as information for other jurisdictions, including the EU, US, Canada, Australia and Asia.
Mark Coronna, managing director, WKFS Europe says: “The Compliance Resource Network helps financial organisations monitor regulatory change and put it in context so they can determine potential impacts on their business. The LME rulebook offers even more critical regulatory material to better serve the UK market—particularly firms that have a strong focus on commodities.”
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organisations manage risk and improve efficiency and effectiveness across their enterprise. Wolters Kluwer Financial Services is part of Wolters Kluwer, a market-leading global information services company focused on professionals with annual revenues (2009) of €3.4 billion ($4.8 billion), approximately 19,300 employees worldwide and operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Visit our website, YouTube or follow @Wolters_Kluwer on Twitter for more information about our market positions, customers, brands, and organisation.
About the London Metal Exchange
The London Metal Exchange is the world's premier base metals market. It offers metals price risk management tools including futures and options contracts for aluminium, copper, tin, nickel, zinc, lead, aluminium alloy and NASAAC, steel billet, plastics and the minor metals - cobalt and molybdenum. In 2009, the total value of trading was $7.41trillion, and the Exchange finished the year with 5.96m tonnes of material on warrant in 633 storage facilities across 39 locations globally. http://www.lme.com/
