The Money Markets Liaison Committee (MMLC) was established in 1999. The MMLC was previously known as the Money Markets Liaision Group prior to April 2015. It comprises representatives from market participants, trade associations and the authorities. It provides a forum for discussion of structural issues concerning money markets. The terms of reference and future dates of meetings of the MMLC can be found below:
Terms of Reference
Dates of Future Meetings
MMLC Term DBV Sub-Committee
PublicationsThe Sterling Money Market Survey is conducted by the Bank of England on behalf of the MMLC. The Money Market Survey gathers quantitative and qualitative information on developments in the sterling money market. The survey has been undertaken biannually since May 2011. Survey results were published for the first time on a standalone basis in January 2013 but prior results were presented in the Bank’s Quarterly Bulletin.Results from the MMLC Sterling Money Market Survey The MMLC maintains a contingency matrix (below), which summarises how the main infrastructure providers would respond to different operational contingencies and how different decisions will be taken.
Money Markets Liaison Committee Contingency Matrix Related to that contingency matrix, the MMLC Operations Sub-Committee led a test exercise designed to simulate the impact of an extreme failure of the UK payment and settlement infrastructure (below).MMLC 4 July 2012 test exercise report Dematerialisation and settlement of Money Market Instruments in CREST was agreed in 1999 and completed in 2003. For more detail about this process see: Money Market Instruments: Dematerialisation and Settlement in CREST.
Minutes of Meetings
2012December 2012 September 2012 June 2012 March 2012
2011December 2011 September 2011 June 2011 March 2011
2010December 2010 September 2010 June 2010 March 2010 2009December 2009 September 2009 May 2009 February 2009
2008October 2008 June 2008 April 2008 2007November 2007 June 2007 April 2007 February 2007 2006October 2006 July 2006 March 2006 2005November 2005 June 2005 March 2005 2004December 2004 September 2004 April 2004 2003December 2003 October 2003 July 2003 March 2003 2002December 2002 October 2002 Rates Sub-group: Background And RecommendationsJune 2002 Rates Sub-group: minutesOctober 2002 June 2002 April 2002 2001December 2001 October 2001