About this issue
The BIS Quarterly Review for June 2010, released today, attributes the recent surge in volatility in global financial markets to a loss of investor confidence due to fiscal concerns and the risk of weaker growth. The European rescue package bought a temporary reprieve from contagion in euro sovereign debt markets, but market concerns about the economic outlook remain. The June issue also provides highlights from the latest BIS data on international banking and financial activity.
The views expressed here do not necessarily reflect the views of the BIS member central banks.