BIS Statistical Bulletin

1 BIS Statistical Bulletin December 2017 BIS Statistical Bulletin Monetary and Economic Department Queries concerning BIS statistics may be addressed to This publication is available on the BIS website ( ). Bank for International Settlements 2017. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISSN 2297-587X (online) ISBN 978-92-9197-201-2 (online) BIS Statistical Bulletin , December 2017 i BIS Statistical Bulletin December 2017 The statistics published by the BIS are a unique source of information about the structure of and activity in the global financial system.

2 They are compiled in cooperation with central banks and other national authorities and are designed to inform analysis of financial stability, international monetary spillovers and global liquidity. Some BIS statistics, in particular those on international banking, securities markets and derivatives activity, are part of special collections under the auspices of BIS-hosted committees of central banks. Other BIS statistics draw on national data but incorporate assumptions and estimations by BIS statisticians to construct specific measures, such as global liquidity indicators, aggregate credit figures, debt service ratios and effective exchange rates.

3 The statistics presented in this Bulletin may have been revised or updated subsequent to publication. The latest st atistics as well as historical data are available on the BIS website ( ) on the home page of each dataset. The latest statistics can be explored and downloaded via the BIS Statistics Explorer ( ), which presents pre-defined views of the data, or the BIS Statistics Warehouse ( ), which supports customised queries. A release calendar provides advance notice of publication dates ( ). This Bulletin is published concurrently with the BIS Quarterly Review.

4 Questions about BIS statistics may be addressed to Contents at a glance A Locational banking statistics .. 1 B Consolidated banking statistics .. 147 C Debt securities statistics .. 185 D Derivatives 252 E Global liquidity indicators .. 275 F Total credit to the non-financial sector .. 280 G Debt service ratios of the private non-financial sector .. 309 H Property price statistics .. 313 I Exchange rate statistics .. 319 J Credit-to -GDP gaps .. 330 K Consumer price indices .. 333 ii BIS Statistical Bulletin , December 2017 L Policy rates .. 336 Currency codes .. 339 Glossary .. 340 Contents in detail A Locational banking statistics Introduction to the locational banking statistics.

5 1 Explanatory notes .. 3 Global tables summary view covering many countries A1 Summary of locational statistics, by currency, instrument and residence and sector of counterparty Amounts outstanding .. 6 Adjusted changes .. 7 A2 Cross-border positions, by location of reporting bank and sector of counterparty Amounts outstanding .. 8 Adjusted changes .. 10 A3 Cross-border positions, by residence and sector of counterparty Amounts outstanding .. 12 Adjusted changes .. 18 A4 Cross-border positions, by nationality of reporting bank and sector of counterparty Amounts outstanding .. 24 Adjusted changes .. 25 Country tables detailed view for individual countries A5 Location of reporting bank.

6 26 A6 Residence of counterparty .. 74 A7 Nationality of reporting bank .. 135 A8 Positions on the central bank sector .. 146 B Consolidated banking statistics Introduction to the consolidated banking statistics .. 147 Explanatory notes .. 148 BIS Statistical Bulletin , December 2017 iii Global tables summary view of worldwide positions B1 Summary of consolidated statistics, by nationality of reporting 151 B2 Summary of foreign claims (immediate counterparty basis), by nationality of reporting bank .. 152 B3 Summary of foreign claims and other potential exposures (ultimate risk basis), by nationality of reporting bank.

7 153 Country tables detailed view of positions on individual countries B4 Residence of counterparty, by nationality of reporting bank .. 154 C Debt securities statistics Introduction to the debt securities statistics .. 185 Global tables C1 Summary of debt securities outstanding .. 187 C2 Central government debt securities markets .. 192 Country tables detailed view of debt securities markets C3 Debt securities issues and amounts outstanding, by residence and nationality of counterparty .. 193 D Derivatives statistics Introduction to the derivatives statistics .. 252 Exchange-traded derivatives statistics D1 Exchange-traded futures and options, by location of exchange.

8 254 D2 Exchange-traded futures and options, by currency .. 255 D3 Exchange-traded futures, by currency .. 256 D4 Exchange-traded options, by currency .. 257 Semiannual OTC derivatives statistics D5 Global OTC derivatives market .. 258 D6 OTC, foreign exchange derivatives .. 260 D7 OTC, interest rate derivatives .. 261 D8 OTC, equity-linked derivatives .. 262 D9 OTC derivatives by 263 D10 OTC credit default swaps Credit default swaps, by type of position .. 264 Credit default swaps, by rating 265 iv BIS Statistical Bulletin , December 2017 Credit default swaps, by remaining maturity .. 266 Credit default swaps, by sector of reference.

9 267 Credit default swaps, by location of counterparty .. 268 Triennial OTC derivatives statistics D11 OTC foreign exchange derivatives turnover Foreign exchange derivatives turnover, April 2016 .. 269 Foreign exchange derivatives turnover, by country, 1995-2016 .. 270 Foreign exchange derivatives turnover, by currency, 1998 2016 .. 271 D12 OTC single currency interest rate derivatives turnover Single currency interest rate derivatives turnover, April 2016 .. 272 Single currency interest rate derivatives turnover, by country, 1995 2016 .. 273 Single currency interest rate derivatives turnover, by currency, 1998 2016.

10 274 E Global liquidity indicators Introduction to the global liquidity 275 E1 Global liquidity: bank s claims .. 276 E2 Global liquidity: total credit by currency of denomination .. 277 F Total credit to the non-financial sector Introduction to the credit statistics .. 280 F1 Total credit to the non-financial sector (core debt) .. 282 Percentage of GDP .. 282 USD 284 F2 Credit to the private non-financial sector (core debt) .. 286 Total credit, percentage of GDP .. 286 Total credit, USD billions .. 288 Bank credit, percentage of GDP .. 290 Bank credit, USD billions .. 292 F3 Total credit to households (core debt).