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BIS warns of $80 trillion of hidden FX swap debt

BIS warns of $80 trillion of hidden FX swap debt LONDON — The Bank for International Settlements (BIS) has warned that pension funds and other ‘non-bank’ financial firms now have more than $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps. Dubbed the central bank to the world’s central banks, […]

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