IDEAS home Printed from https://ideas.repec.org/p/boj/bojrev/rev17e04.html
   My bibliography  Save this paper

Recent Trends in OTC Derivatives Markets--Highlights Observed through OTC Derivatives Statistics--

Author

Listed:
  • Yasunori Yoshizaki

    (Bank of Japan)

  • Makiko Inoue

    (Bank of Japan)

  • Kyosuke Shiotani

    (Bank of Japan)

Abstract

Various regulatory reforms have been implemented internationally on over-the-counter (OTC) derivatives contracts, drawing on the lessons learned from the 2008 international financial crisis. Utilizing OTC derivatives statistics compiled by the Bank for International Settlement and central banks worldwide, this paper analyzes trends in OTC derivatives markets, which developed during a series of in-progress regulatory reforms, through a comparison of Japanese statistical results with global results. As a result, recent highlights as follows were clarified: (1) amounts outstanding of interest rate and foreign exchange derivatives denominated in USD have been increasing, reflecting the investment activities of Japanese institutional investors; (2) clearing through central counterparties (CCPs) has been advancing, mainly in interest rate derivatives, due to commencement of clearing obligations; and (3) movements to reduce notional amounts outstanding of OTC derivatives by utilizing compression have been expanding.

Suggested Citation

  • Yasunori Yoshizaki & Makiko Inoue & Kyosuke Shiotani, 2017. "Recent Trends in OTC Derivatives Markets--Highlights Observed through OTC Derivatives Statistics--," Bank of Japan Review Series 17-E-4, Bank of Japan.
    • Handle: RePEc:boj:bojrev:rev17e04
    as

    Download full text from publisher

    File URL: http://www.boj.or.jp/en/research/wps_rev/rev_2017/data/rev17e04.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:boj:bojrev:rev17e04. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bank of Japan (email available below). General contact details of provider: https://edirc.repec.org/data/bojgvjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.