December 10, 2019 BY Valentina Kirilova

New BIS report cites “internalization” by large banks for 7% volume drop

The Bank for International Settlements (BIS) has noticed a growing trend of large bank platforms over the past three years to send less foreign exchange volume into the network for processing. A new report cites low volatility as reason that large banks in the Interbank system are “internalizing” more of their customer client capital flows…

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