BIS: OTC derivatives market shrank in latter half of 2015

The Bank for International Settlements has reported a broad drop in over-the-counter derivatives activity for the second half of 2015 compared with the first half. The value of replacing outstanding OTC derivatives at the end of last year reached the lowest level since the financial crisis, according to the BIS. However, a greater percentage of credit default swaps was cleared during the second half of the year.

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