The European repurchase agreement market grew by almost a third last year, reaching a record of at least €5 trillion ($6.6 trillion) – more than twice the volumes recorded in the International Securities Market Association's first Euro repo market survey in June 2001.

The market is believed to be much larger than the survey of just 76 banks suggests, making it one of the largest financial markets in Europe. More than a fifth of European repo market volumes are executed, confirmed and processed electronically, making it one of the most advanced of the global secondary markets.