The repo market is pivotal to other financial markets, particularly those in bonds and derivatives. Despite its importance it is hard to obtain figures on the size of the European repo market and the ICMA survey is the only authoritative source of data for its size and composition.
On 15 March 2023, ICMA published the latest edition of the Survey (number 44). It is based on responses received from 61 institutions, representing most significant players in the European repo market. As a basis for the survey ICMA asked a sample of financial institutions in Europe for the value of their repo contracts still outstanding at close of business on a single day in December 2022 (the survey date). All institutions who participate in the survey automatically receive, in confidence, a list of their rankings in the various categories of the survey.
The results of this, the forty-third semi-annual survey of the repo market in Europe set the baseline figure for market size at EUR 10,374 billion.
For a more detailed overview of the results, we recorded a short webinar with Richard Comotto, the author of the European Repo Market Survey, who takes us through the key findings of this latest Survey and the underlying trends in the European Repo market.
April 2022: ICMA European Repo Market Survey - A look back at the tri-party securities lending data reported in the ICMA survey
April 2022: ICMA European Repo Market Survey - Electronic trading in the European repo market
The next survey is scheduled to take place at close of business on 8 June 2023.
For any queries relating to the survey or if you would like to participate, please e-mail firstname.lastname@example.org.
Previous survey reports are available here.
Asia-Pacific repo market survey
5 December 2022 ICMA has published jointly with ASIFMA the 4th Asia-Pacific repo market survey, conducted June 2022.
14 December 2021 ICMA has published jointly with ASIFMA the 3rd Asia-Pacific repo market survey, conducted June 2021.
12 November 2020 ICMA has published jointly with ASIFMA the 2nd Asia-Pacific repo market survey, conducted June 2020.