Tuesday August 4, 2020

Central Bank: foreign exchange contracts have trebled to €13bn a day

New information released by the Central Bank shows there has been a substantial increase in the value of interest rate swaps and foreign exchange contracts since 2016

Ian Guider

Markets Editor

@ianguider
29th September, 2019

Trading of complex derivatives and foreign currency contracts by financial institutions based in Ireland has surged more than threefold to €13 billion a day.

New information released by the Central Bank shows there has been a substantial increase in the value of interest rate swaps and foreign exchange contracts since 2016.

The Central Bank said while some of the increase can be attributed to a general increase in business, the data was “influenced significantly by institutions...

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