Brussels, 01/12/2025 (Agence Europe) – The European repo market, in which banks borrow and lend money on a very short-term basis using securities as collateral, reached a record level of €12,435.9 billion in the first half of 2025, according to a study by the International Capital Markets Association (ICMA) published on Monday 1 December. According to ICMA, this increase can be explained by the high level of financial volatility and economic uncertainty, which has led investors to seek secure financing solutions. The survey also revealed a clear upturn in interest in bonds from the so-called “peripheral” countries of the euro area, such as Italy and Spain, while securities from the “core” economies contracted. Lastly, transactions are increasingly concentrated on very short maturities and go through centralised clearing systems. See the study: https://aeur.eu/f/jsc (BD)