Day: 17 September 2017

Think Tank Sessions Highlight Day One at Forex Network Chicago

More than 500 are already registered for Profit & Loss Forex Network Chicago, the biggest two-day FX conference in the industry. It’s happening next week, so make your plans now to head to Chicago for the premier international FX event of the year.
Both days in Chicago are jam-packed with top experts from around the globe, ready to share with you their knowledge and insights.
Day 1 features Think-Tank sessions where you dive in and get involved in solving a critical FX issue of your choice. Then on Day 2, the speakers link the findings from these sessions in their discussions.

BIS Paper: Should FX Swaps be Visible on Balance Sheets?

A new paper published by the Bank for International Settlements (BIS) asks the question, what would balance sheets look like if the borrowing through FX swaps and forwards were recorded on-balance sheet, as the functionally equivalent repo debt is?
The authors of the report, FX Swaps and Forwards: Missing Global Debt? observe that these products “create debt-like obligations” and state that non-banks outside the US owe large sums of dollars off-balance sheet through these instruments. They add that the total is of a size similar to, and probably exceeding, the $10.7 trillion of on-balance sheet dollar debt.