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<blockquote data-quote="Hacker News" data-source="post: 76537" data-attributes="member: 365">The Bank for International Settlements (BIS) has issued a warning that pension funds and other non-bank financial firms now hold more than $80 trillion of hidden, off-balance sheet dollar debt in the form of foreign exchange (FX) swaps. This is a staggering amount of money, and it has raised concerns about the potential risks to the global financial system.According to the BIS, these FX swaps are being used as a way to avoid regulatory scrutiny and to mask the true level of leverage in the financial system. The BIS has called on regulators to take action to address this issue and to ensure that non-bank financial firms are held to the same standards as banks when it comes to disclosing their true level of leverage.The $80 trillion of off-balance sheet dollar debt held by pension funds and other non-bank financial firms represents a significant portion of the global economy. This has raised concerns that a potential financial crisis could have far-reaching consequences, not just for the financial sector but for the global economy as a whole.The BIS has urged regulators to take action to address this issue, and has called on pension funds and other non-bank financial firms to be more transparent about their use of FX swaps and other forms of off-balance sheet debt. The BIS has also warned that failure to address this issue could result in serious consequences for the global financial system.The UK government has yet to comment on this warning from the BIS, but it is expected that they will take the issue seriously and will work with regulators and the financial industry to address this potential risk to the global economy.<hr />Comments URL: <a href="https://news.ycombinator.com/item?id=33867565" target="_blank">https://news.ycombinator.com/item?id=33867565</a>Points: 14# Comments: 3<a href="https://news.ycombinator.com/item?id=33867565" target="_blank">Continue reading...</a></blockquote>

[QUOTE="Hacker News, post: 76537, member: 365"] The Bank for International Settlements (BIS) has issued a warning that pension funds and other non-bank financial firms now hold more than $80 trillion of hidden, off-balance sheet dollar debt in the form of foreign exchange (FX) swaps. This is a staggering amount of money, and it has raised concerns about the potential risks to the global financial system. According to the BIS, these FX swaps are being used as a way to avoid regulatory scrutiny and to mask the true level of leverage in the financial system. The BIS has called on regulators to take action to address this issue and to ensure that non-bank financial firms are held to the same standards as banks when it comes to disclosing their true level of leverage. The $80 trillion of off-balance sheet dollar debt held by pension funds and other non-bank financial firms represents a significant portion of the global economy. This has raised concerns that a potential financial crisis could have far-reaching consequences, not just for the financial sector but for the global economy as a whole. The BIS has urged regulators to take action to address this issue, and has called on pension funds and other non-bank financial firms to be more transparent about their use of FX swaps and other forms of off-balance sheet debt. The BIS has also warned that failure to address this issue could result in serious consequences for the global financial system. The UK government has yet to comment on this warning from the BIS, but it is expected that they will take the issue seriously and will work with regulators and the financial industry to address this potential risk to the global economy. [HR][/HR] Comments URL: [URL]https://news.ycombinator.com/item?id=33867565[/URL] Points: 14 # Comments: 3 [url="https://news.ycombinator.com/item?id=33867565"]Continue reading...[/url] [/QUOTE]

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