Swap

Currency swap debt is an $80 trillion global regulator, says 'blind spot'

Currency swap debt is an $80 trillion global regulator, says ‘blind spot’

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LONDON, Dec 5 (Reuters) – Pension funds and other “non-bank” financial firms hold more than $80 trillion in hidden off-balance sheet dollar debt in foreign exchange swaps, the Bank for International Settlements (BIS) said. ). The BIS, dubbed the central bank of central banks around the world, also said in its latest quarterly report that …

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Brexit Britain stuck in the middle as US and EU go to war over trade

Brexit Britain stuck in the middle as US and EU go to war over trade

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Press play to listen to this article Expressed by artificial intelligence. LONDON — Three years after leaving the EU to chart its own course, Britain finds itself caught between two economic behemoths in a brewing transatlantic trade war. In one corner is the United States, whose Congress passed the Biden administration’s vaunted $369 billion green …

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