The European Repo Council of the International Capital Market Association (ICMA) has just released the results of its 21st semi-annual survey of the European repo market, undertaken in June 2011. The survey sets the baseline figure for market size at EUR 6.2 trillion. Using a constant sample of banks that have consistently appeared in all recent surveys, the size of the market shows modest growth of 3.6% since the December 2010 survey and year-on-year growth of 10.2%. These figures indicate a pronounced upward trend since 2008, although the survey was carried out before the market turbulence of the summer.[...]