Fontana, Silvia Dalla; Holz auf der Heide, Marco; … - 2019
obligation. Our dataset contains 1.7 million bilateral IRS transactions of banks and non-banks. Our key results are as follows: 1 … significant group of core "intermediaries" (and major CCPs). 2) Banks are active in all segments of the IRS euro market, whereas … non-banks are often specialised. 3) When using relative net exposures as a proxy for the "flow of risk" in the IRS market …
