Bank of Nova Scotia to get visit from British watchdog as scrutiny of London gold fixing grows, sources say | Financial Post

``Regulators are stepping up their scrutiny of how gold prices are set, with officials from Britain's Financial Conduct Authority visiting all five member banks including the Bank of Nova Scotia to observe the so-called London fixing process, two people with knowledge of the matter said. ... Over the past two months, U.S.-based investors and traders have filed nearly 20 separate antitrust claims accusing Barclays , Deutsche Bank, HSBC, Bank of Nova Scotia and Societe Generale of colluding to manipulate the gold price... Deutsche may end up resigning its seat on the London gold fix rather than selling it as U.S. lawsuits alleging price rigging against the five banks that set the benchmark deter potential buyers, industry sources said.''