Risk Quantum/Bank for International Settlements (BIS)
Global banking sector equity surged in 2017
Surplus of assets over liabilities increased 17% in the year – BIS data
CDS market structure transformed – BIS
Inter-dealer trades have retreated as CCP dominance grows
Interest rate ETD open interest soars
Outstanding positions at end-March hit $105 trillion
Over half of CDS contracts cleared – BIS
Non-cleared trades continue downward slide
Interest rate derivatives values fall to pre-crisis low
The value of interest rate derivatives plummeted more than 16% to $7.6 trillion in the second half of 2017
Loans to offshore centres surge
Total claims surpass pre-crisis peak
Uneven Basel rule adoption threatens regulatory arbitrage
Committee names and shames regulatory laggards