US- and Japan-based banks have huge claims on nonbank financial institutions (hedge funds, fund managers etc) based in offshore financial

US- and Japan-based banks have huge claims on nonbank financial institutions (hedge funds, fund managers etc) based in offshore financial centers.
Lovely data in this paper by
@i_aldasoro @hwenqian & Kemp
bis.org/publ/qtrpdf/r_… https://t.co/KggQVOZnrS

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