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06 June 2016

BIS Quarterly Review: International banking and financial market developments


The June issue contains information on Bank for International Settlements statistics, notably the BIS Statistical Bulletin; relevant material about financial developments will be included in the Annual Report to be published on 26 June.

The slowdown in international banking activity that began in early 2015 broadened in the final quarter of the year. The $651 billion contraction in crossborder bank lending affected most major currencies, sectors and regions.

A $276 billion drop in cross-border claims on euro area countries accounted for the largest share of the $361 billion fall in lending to advanced economies.

Cross-border bank credit to emerging market economies (EMEs) was down by $159 billion during Q4 2015, or 8% in the year to end-December 2015 – the sharpest year-on-year contraction since 2009.

The $114 billion decline in cross-border lending to China was the second quarterly drop in a row, and it pushed the annual growth rate down to –25%.

New data published by China confirm that banks on the mainland are becoming an increasingly important source of international bank credit. They are an especially important source of US dollar credit: their cross-border dollar assets totalled $529 billion at end-December 2015.

Global over-the-counter derivatives markets saw a broad-based decline in activity in the second half of 2015, largely thanks to ongoing trade compression. The notional amount of outstanding contracts fell by 11%. Gross market values decreased by 6%.

Residential property prices increased significantly in many of the large advanced and emerging economies in 2015, but fell sharply in Brazil and Russia.

Full review

Statistical data



© BIS - Bank for International Settlements


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