BIS Quarterly Review, June 2019
The June issue contains only information related to BIS statistics; relevant material on financial developments will be included in the Annual Economic Report 2019, to be published on 30 June 2019.
As of June 2019, the Quarterly Review is available in English only. However, the Press Release and press remarks that accompany the March, September and December issues will continue to be translated as usual.
International banking and financial market developments
Cross-border bank credit is dominated by a small number of very sizeable links between banks in one country and borrowers in another. The largest-sized cross-border banking links are mainly between major advanced economies. Concentration increased up until the Great Financial Crisis (GFC) and has abated only slightly since. It is higher for interbank credit than for credit to the non-bank sector. Despite the substantial decline in interbank credit in the aftermath of the GFC, concentration in the interbank segment has remained high. ...
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