European repo market - ICMA publishes survey showing record outstandings of EUR 9,198 billion at year end 2021
20 April 2022 The European Repo and Collateral Council (ERCC) of the International Capital Market Association (ICMA) has today released the results of its 42nd semi-annual survey of the European repo market. The survey, which measured the amount of repo business outstanding on 8 December 2021, from the returns of 57 financial institutions sets the baseline figure for European market size at a record high of EUR 9,198 billion, up by 5.4% from EUR 8,726 billion in the June 2021 survey and an increase of 11.0% since December 2020.
Download the 42nd ICMA ERCC European Repo Market Survey
Accelerating growth in the European repo market, as reflected in the ICMA survey, was broadly based across the participating financial institutions. The strong performance of voice-brokers and a muted showing by electronic trading systems (both automatic interdealer and automated dealer-customer platforms) as well as CCP-cleared repo points to particularly strong growth in over-the-counter (OTC) repo between dealers.