About this issue
This BIS Quarterly Review is divided into two parts. The first presents an overview of recent developments in financial markets, before turning in more detail to highlights from the latest BIS data on international banking and financial activity. The second part presents four special feature articles: the first on international banking activity amidst the recent financial market turmoil, the second on the benefits of diversification in the management of international reserves, the third on credit derivatives and structured credit in Asian markets, and the fourth on Asian banks and the international interbank market.
International banking and financial market developments
Special features
Recent initiatives
The views expressed here do not necessarily reflect the views of the BIS member central banks.