International banking and financial market developments
Buoyant yet fragile?
Markets remain buoyant despite mid-October's spike in the volatility of most asset classes. This sharp retreat in risk appetite reflected growing uncertainty about the global economic outlook and monetary policy stance, as well as increased geopolitical tensions. As selling pressure increased, market liquidity temporarily dried up, amplifying market movements.
Highlights of the BIS international statistics
The BIS, in cooperation with central banks and monetary authorities worldwide, compiles and disseminates data on activity in international financial markets. This chapter summarises the latest data for the international banking and OTC derivatives markets, available up to mid-2014. A box looks at the sectoral composition of offshore borrowing of EME non-financial corporations.
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The views expressed here do not necessarily reflect the views of the BIS member central banks.