ICBC Standard Bank has purchased a gold vault in London from Barclays, CNBC reports. The vault, which can hold US$80 billion of bullion, has doors that can withstand rocket-propelled grenades. The change of ownership is seen as part of a move by Chinese banks to become a bigger force in the global commodities market. The Insurance Development Forum appointed a clutch of "leading insurance CEOs" to serve on its steering committee. Lloyds, AXA, Aon, Swiss Re and top consulting leaders populate the 14 member committee. Mark Carney, governor of the Bank of England and chair of the Financial Stability Board, scores a slot on this industry ginger group.