Central banks seek more data on credit derivatives

The 61 dealing firms that currently report semi-annually to the BIS on their activity in over-the-counter derivatives already reveal their net outstanding positions in OTC interest rate, foreign exchange, equity and commodity derivatives. These positions, say the BIS, totalled just over $197 trillion at the end of 2003.The December 2004 semi-annual survey by the BIS, scheduled for release in May next year, will in addition cover the fast-growing credit derivatives business, focusing on credi