Page 14 - Bullion World Issue 12 Volume 05 December_2025
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Bullion World | Volume 5 | Issue 12 | December 2025
LBMA
2025:
A YeAr
In review
Ms Shelly Ford
Digital Marketing Manager
and Alchemist Editor, LBMA
At the LBMA/LPPM Global Precious Metals
Conference this October in Kyoto, Japan, LBMA CEO
Ruth Crowell took to the stage in the introductory
session to provide an overview of the association’s key
initiatives and achievements in 2025.
Ms Shelly Ford
GBI: Leading Innovation within the Precious Metals Industry
In January this year, LBMA launched the Gold Bar Integrity (GBI) Database.
GBI currently focuses on the data captured through the Responsible Sourcing Assurances, including
Country of Origin and High-Risk Supplier information. The foundation has been laid to expand the scope of
data captured in future phases, creating new opportunities to enhance trust and confidence in the market.
Regulators, investors, civil society, and industry participants alike are set to benefit from the enhanced clarity
and accountability GBI brings.
The rollout has been met with remarkable engagement, and all GDL Refiners have now been onboarded to the
platform. This engagement reflects the strong industry commitment to this initiative, and from January 2026,
voluntary periodic reporting from refiners will be introduced, transitioning to mandatory reporting in 2027.
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