FX markets for the currencies of emerging market economies grew more rapidly than those
for major currencies between 2016 and 2019, rising from 19% to almost 25% of global …

The transition from Libor to “nearly risk-free” rates (RFRs) has led to structural changes that
have reshaped the trading and hedging behaviour of participants in fixed income markets …

FX and OTC derivatives markets through the lens of the Triennial Survey Page 1 BIS Quarterly
Review, December 2019 15 FX and OTC derivatives markets through the lens of the Triennial …

The trading of bonds and swaps largely relies on bank dealers as core market-makers.
Dealers provide liquidity and trade the instruments with smaller or less active firms, in part by …

El artículo ofrece un breve recuento de la evolución del mercado de derivados financieros
desde los años setenta del pasado siglo y destaca los principales cambios que en él se han …

The composition of amounts outstanding in over-the-counter derivatives shifted towards the
euro and cleared instruments. Since the Great Financial Crisis, increases in central clearing …

The Role of Crises in Sha** Financial Systems: From the Global Financial Crisis to COVID-
19 underscores the role of crises as turning points for the financial sector and its interactions …

In this paper, we present an artificial neural network framework for portfolio compression of a
large portfolio of European options with varying maturities (target portfolio) by a significantly …

Following the early implementation of the global over-the-counter (OTC) derivatives market
reform in the USA and the associated increase in trading costs, US banks shifted up to 60 …

Global systemically important banks (GSIBs) are subject to capital surcharges that increase
with systemic importance indicators. We show that US GSIBs lower their surcharges to a …