The Interbank Market is one of the most important global financial networks where banks can trade currencies and other derivative instruments directly between themselves.Why do you need it?To answer this question, let us take a look at how many people actually follow the movements in the markets.Banks use the interbank market to manage their own exchange rate and interest rate risk as well as to take speculative positions based on research. If you still don't know what is 'Interbank Market', we will tell you about it later on in this post! All things considered, this is surely going to change your view about what central bankers are thinking about when taking decisions for monetary policies or just giving some insights into their thoughts by staying silent.With the rise of digitalisation and the influx of technocrats into banking, it is not astonishing that banks have started dabbling in cryptocurrency derivatives. Interbank market is one instance where such interest has manifested itself. With an inter-bank netting model, banks can make a holistic assessment of the risk they are taking on whenever they trade currencies or other derivative instruments via inter-bank market.In this regard, formation of a global blockchain network could be considered as a next logical step by these institutions who want to stay ahead in their line of business.All data provided on Website: www.interbankmarket.org has been gathered from publicly available sources such as news agencies and official announcements by top officials of authorities involved in making them.
