From 1 July 2025, physical gold held on an allocated basis will be treated as a Tier 1 High-Quality Liquid Asset (HQLA) under Basel III for US banks, meaning it will now count at 100% of market value against core capital.
This marks a major regulatory shift for the precious metals market, elevating gold from its former Tier 3 status and underscoring its renewed relevance in global finance.
For mining and finance leaders, this regulatory shift presents both opportunity and responsibility. Whether you’re seeking executives to steer your gold-focused operations or advising clients on risk and liquidity, gold is back at the heart of the conversation.