On 8 December, the Bank for International Settlements (BIS) published the December 2013 quarterly review. The key findings are as follows:

  • easy money continues to drive financial markets. Banks, especially in the euro area, struggle further to regain the markets' confidence;
  • daily turnover in the global FX market reached an all time high of €5.3 trillion in April 2013;
  • ACC derivatives turnover has soared in emerging markets since 2010;
  • turnover in the RTC interest rate derivatives market has continued to grow despite low and stable interest rates, but much more slowly than before the crisis.