Risk Quantum/Bank for International Settlements (BIS)
Short-term interest rate ETD notionals leap $14trn in Q2
Open interest in exchange-traded options with maturities of a year or less rise 19%
As too-big-to-fail banks shrink, non-systemic firms play catch up
Almost three-quarters of non-systemic banks have increased their G-Sib scores since 2013
Non-banks’ role in cross-border funding grows
Non-bank financial institutions account for about one-fifth of cross-border dollar and sterling funding
Firms favour swaps over spot when trading FX – BIS
Forex swaps account for 49% of global average daily turnover in April
Renminbi contracts grow share of interest rate derivatives turnover
Instruments denominated in non-G10 currencies accounted for 3.8% of average daily turnover in April 2019
Short-term contracts dominate interest rate derivatives turnover
Overnight index swaps made up 31.5% of daily average turnover in April
UK dealers see over half of interest rate derivatives trades
86% of all euro-denominated contracts handled in the UK in April 2019, up from 75% in 2016
Global bank equity levels return to growth
US lenders made up 28% of global bank shareholder equity
Global cross-border lending accelerates
Lending growth to offshore centres surges to 5.3%
Overseas loans to US crept up in Q4
But rate of loan growth to US borrowers fell throughout 2018
Short-term bets push interest rate option volumes higher
Open interest in short-dated contracts surges 23% from December to March
OTC derivatives amounts sank in H2 2018
Fair values down 6% over second half of 2018, 72% from peak
Shadow banks gobble up cross–border loans
Traditional lenders' claims on non-bank financial institutions increased 8% at year-end