FX swap debt an US$80t ‘blind spot’, BIS says
PENSION funds and other ‘non-bank’ financial firms have more than US$80 trillion of hidden, off-balance sheet dollar debt in FX swaps, the Bank for International Settlements (BIS) said.
PENSION funds and other ‘non-bank’ financial firms have more than US$80 trillion of hidden, off-balance sheet dollar debt in FX swaps, the Bank for International Settlements (BIS) said.