Europe's repo market dropped 11.9% to €5.6T in 2012, a report shows, suggesting that many...

|By:, SA News Editor

Europe's repo market dropped 11.9% to €5.6T in 2012, a report shows, suggesting that many banks are still relying on cheap loans from central banks rather than on each other and on investors for short-term financing. Report author Richard Comotto says the larger concern is that the repo market is contracting at a time when authorities would like to see the financial sector reduce its reliance on central banks.