ICMA ERCC releases analysis of 2024 year-end repo market performance
The International Capital Market Association's (ICMA) European Repo and Collateral Committee (ERCC) has published its annual assessment of the repo market's performance over the 2024 year-end. The report highlights a deviation from previous years, with repo rates initially priced at a premium to benchmark rates, as opposed to the usual deep discount and raises concerns regarding pressure on globally systematically important banks due to increased prime brokerage demand following the US elections for accurate prediction and management.