Money Markets Committee

The Money Markets Committee (MMC) is a senior-level forum for market participants and the relevant UK public authorities to discuss issues concerning the UK unsecured deposits and funding market, the securities lending market and the repo market.The MMC is chaired by the Bank of England.

The committee meets quarterly and also has two permanent sub-committees: the UK Money Markets Code Sub-Committee and the Securities Lending Committee.

Objectives of the Money Markets Committee

To discuss important domestic and global market or structural developments affecting the UK money, repo and securities lending markets.
Where appropriate, to propose responses to any issues identified.

To aid understanding and enhance monitoring of the functioning of the UK money markets.
To endorse and facilitate continuing market-wide adoption of the UK Money Markets Code, a voluntary code of good practice for the money and securities financing markets.

To identify and address any high-level issues concerning contingency planning in the UK money markets and payment systems, having regard to international developments.

UK Money Markets Code Committee

The project to update and revise the former codes for non-foreign exchange market products in the UK market led by a sub-committee of the Money Markets Committee. The UK Money Markets Code Sub-Committee is a permanent sub-committee of the MMC, and is co-chaired by, and made up of, senior market participants. The sub-committee meets regularly to ensure that the code remains relevant and up to date as markets evolve.Securities

Lending Committee

The Securities Lending Committee (SLC) is a sub-committee of the Money Markets Committee. The SLC is chaired by a market participant. It is a forum for market participants and the relevant UK public authorities to meet to discuss issues concerning the UK securities lending market, including all collateral activities.

Objectives of the Securities Lending Committee

To discuss important domestic and global market or structural developments affecting the UK securities lending market. To discuss legal, regulatory, trading, settlement, infrastructure, tax, disclosure and other related developments in this market. Where appropriate, it will propose responses to these issues. To aid the understanding and enhance the monitoring of the functioning of this market.