<ul>
<li>New BIS analysis of the <a href="https://www.bis.org/statistics/rpfx22.htm"><span class="firstword">2022</span> Triennial Central Bank Survey</a> shows shifts in trading patterns and market structure in foreign exchange and over-the-counter interest rate derivatives markets, identifying risks deserving attention.</li>
<li>Foreign exchange swap positions point to over $80 trillion of hidden US dollar debt, reported off-balance sheet. </li>
<li>The volume of daily foreign exchange turnover subject to settlement risk remains stubbornly high despite mechanisms to mitigate such risks. </li>
</ul>