BIS Quarterly Review, September 2009
14 September 2009
The BIS Quarterly Review for September 2009 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 is on the future of securitisation; the second on central counterparties for over-thecounter derivatives; the third on the cost of equity for global banks from 1990 to 2009; and the fourth on the systemic importance of financial institutions.