Developments in Foreign Exchange and OTC Derivatives Markets

Megan Garner, Anna Nitschke and David Xu
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David Xu: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2016, 63-74

Abstract: The Bank for International Settlements (BIS) conducts the Triennial Central Bank Survey of Foreign Exchange and Over-the-counter (OTC) Derivatives Markets Activity (Triennial Survey) to collect information about the size and structure of these markets. The 2016 survey results suggest that global activity in these markets declined since the previous survey, partly reflecting higher-than-usual activity in April 2013 and exchange rate movements. Over the same period, activity in the Australian foreign exchange market declined markedly in US dollar terms, but only modestly in Australian dollar terms. For Australian banks, the value of OTC derivatives outstanding continued to increase, though gross credit exposure declined.

Keywords: foreign exchange; foreign exchange turnover; foreign currency; BIS Triennial Survey; OTC derivatives outstanding; foreign exchange derivatives; single-currency interest rate derivatives; credit default swap; interest rate derivatives; foreign exchange derivatives; central counterparties; hedging; trade compression; internalisation; gross market value; notional amount outstanding; gross credit exposure (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:rba:rbabul:dec2016-07

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