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 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.
International banking and financial market developments
Special features
The views expressed here do not necessarily reflect the views of the BIS member central banks.