Latest ICMA survey sets baseline size of the European repo market at EUR 5,379 billion

(London, UK) The European Repo and Collateral Council of the International Capital Market Association (ICMA) has released the results of its 31st semi-annual survey of the European repo market. The survey, which calculates the amount of repo business outstanding on 8 June 2016 (prior to the Brexit vote in the UK) from the returns of 67 offices of 63 financial groups, mainly banks, sets the baseline figure for market size at EUR 5,379 billion, a 4.1% decrease on the December 2015 figure of EUR 5,608 billion and a year on year decrease of 1.6% from the survey in June 2015.
The decline in the baseline figure since the previous survey largely reflects the reduced number of survey participants. However, a comparison of a constant sample of survey participants shows a small, largely seasonal, rise of 0.5% since December but a year-on-year decline of 1.6%, confirming that the overall trend for repo market activity continues to be downward.
Download the 31st ICMA European Repo Market Survey

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