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
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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