January 2, 2025 (NO COMMENTS)

A record share of over-the-counter derivatives notional sat outside the interdealer or centrally cleared spaces at end-June 2024, reducing regulators’ visibility in the market at a time of persisting volatility.

Of the record $727.1 trillion notional amount held by dealers in Bank for International Settlements member countries, 26.2% had a counterparty other than another reporting dealer or a central counterparty (CCP) – the highest proportion in eight years’ worth of data, up from 24.4% a year