Wenqian Huang

Senior Economist

Committee on the Global Financial System

wenqian.huang@bis.org

Wenqian Huang joined the BIS in October 2017. Her research interests include financial market infrastructures, systemic risk and financial innovations, in particular central counterparties, high-frequency trading and decentralised finance. She was the winner of the young economist competition in the 2017 ECB Sintra Forum on Central Banking. Wenqian holds a PhD in economics from the Vrije Universiteit Amsterdam.

Fields of interest

Financial market infrastructures
Financial markets
Financial stability and macro-prudential issues

All BIS publications (21)

BIS Bulletin No 125

BIS Bulletin No 125 19 Jun 2026

Stablecoin remuneration on centralised exchanges

Centralised exchanges remunerate stablecoin holders, using the return on the issuer's reserve assets or income from market…

,

Nikola Tarashev

and

Global FX markets when hedging takes centre stage

Publication 8 Dec 2025

Global FX markets when hedging takes centre stage

,

and

Vladyslav Sushko

BIS Working Paper No 1171 13 Mar 2024

DeFi leverage

In decentralized finance (DeFi), lending protocols are governed by predefined algorithms that facilitate automatic loans –…

and

Liquid assets at CCPs and systemic liquidity risks

Publication 4 Dec 2023

Liquid assets at CCPs and systemic liquidity risks

Central counterparties (CCPs) are key players in financial markets, holding $1.3 trillion in liquid assets as of June 2023.

Iñaki Aldasoro

,

Fernando Avalos

and

BIS Bulletin No 77

BIS Bulletin No 77 13 Sep 2023

Margins and liquidity in European energy markets in 2022

European futures markets for natural gas and electricity were deeply disrupted by the events following the Russian invasion of…

Fernando Avalos

,

and

BIS Working Paper No 1073 14 Feb 2023

Constrained liquidity provision in currency markets

We devise a simple model of liquidity demand and supply to deepen the understanding of dealers' liquidity provision in currency…

,

,

Andreas Schrimpf

and

Fabricius Somogyi

The post-Libor world: a global view from the BIS derivatives statistics

Publication 5 Dec 2022

The post-Libor world: a global view from the BIS derivatives statistics

The transition from Libor to "nearly risk-free" rates (RFRs) has led to structural changes that have reshaped the trading and…

and

Karamfil Todorov

Commodity markets: shocks and spillovers

Publication 19 Sep 2022

Commodity markets: shocks and spillovers

Dislocations from the Russia-Ukraine war have buffeted commodity markets from both the financial and real sides.

Fernando Avalos

and

BIS Bulletin No 57

BIS Bulletin No 57 14 Jun 2022

DeFi lending: intermediation without information?

Lending platforms are a key part of the decentralised finance (DeFi) ecosystem, but their institutional features mostly…

,

Sebastian Doerr

,

and

Andreas Schrimpf

All external publications (7)

External publication 15 May 2025

Constrained liquidity provision in currency markets

Andreas Schrimpf

,

,

and

Fabricius Somogyi

External publication 25 Mar 2025

Central bank liquidity backstops, bank regulation and risk-taking by asset managers

Nikola Tarashev

,

Iñaki Aldasoro

and

External publication 15 Jul 2024

Model risk at central counterparties: is skin-in-the-game a game changer?

and

External publication 1 Apr 2024

CCP auction design

and

External publication 31 Dec 2023

Non-Standard Errors

and

External publication 12 Jul 2023

The cost of clearing fragmentation

Michalis Vasios

,

,

Evangelos Benos

and

Albert J Menkveld

External publication 6 Aug 2020

Central counterparty exposure in stressed markets

,

Albert J Menkveld

and

All videos (4)

01:16:40

Latest developments in DeFi

Video 4 Apr 2022

Latest developments in DeFi

While many call DeFi a black box or parallel system, the ecosystem has been growing strongly. What are the key drivers for…

By

,

,

,

and

Roger Wattenhofer

00:02:10

DeFi risks and the decentralisation illusion

Video 6 Dec 2021

DeFi risks and the decentralisation illusion

BIS Quarterly Review, December 2021.

By

Andreas Schrimpf

and

00:02:20

The pandemic-related financial turmoil of March 2020

Video 1 Mar 2021

The pandemic-related financial turmoil of March 2020

A year after the pandemic-induced financial turmoil of last March, BIS economists review some of the lessons on the functioning…

By

,

and

Karamfil Todorov

00:02:27

OTC derivatives: euro exposures rise and central clearing advances

Video 8 Dec 2019

OTC derivatives: euro exposures rise and central clearing advances

Aramonte and Huang highlight trends in the composition of outstanding OTC derivatives and explore reasons behind the voluntary…

By

and

You might also be interested in

Publications

Speeches

Media releases