Spot and forwards turnover has rebounded by 40 per cent since early 2009 and volumes are now above those seen in 2007. In contrast, turnover in swaps has grown by around 20 per cent over the past year and remains about 10 per cent below its peak. Graph 2  This difference reflects the varied uses of these instruments.
CCPs, as important financial players, could also help steer market participants towards more sustainable and climate-friendly investments by offering more sustainable products and services. I am convinced that the risks associated with climate change and its impacts are becoming increasingly relevant and will keep us closely engaged in the coming years.