BIS 2025 FX survey: What the results mean for global markets

Every three years, the Bank for International Settlements (BIS) publishes its Triennial Central Bank Survey, the most comprehensive snapshot of global FX and over-the-counter derivatives markets. The preliminary results from the 2025 BIS survey have just been released, with big themes in focus – from questions around the dollar’s dominance and FX hedging during volatile periods, to the ongoing challenge of settlement risk.

In this Risk.net interview, Mattias Palm, head of triReduce FX and commodities at OSTTRA, discusses the key findings and their implications for global markets.

1:00 — Main trends and takeaways 

2:02 — Dedollarisation: structural shift or cyclical adjustment?

3:52 — Hedging under volatility: lessons for asset managers and corporates

04:44 — The role of central clearing, portfolio compression and optimisation in reducing margin calls

05:41 — FX trading hubs: will London’s dominance continue?

06:56 — FX settlement risk: still on the rise?

Coming soon 
A Risk.net webinar to coincide with the full BIS survey results will be available in December.

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