Shrinking FX market could pose stability risk: BIS

Hedge funds and speculative investors have pulled back from the $5 trillion a day global currency market and less risk-taking by banks as well as reduced trading on multi-player platforms is a risk to future financial stability, the Bank of International Settlements said on Sunday. In analysis expanding on September's triennial report on the world's single biggest financial market, economists from the bank and Warwick Business School Professor Michael Moore pointed to changes the Basel-based cen