Market Committees
The Bank chairs a number of market committees:
Paul Tucker, Executive Director for Markets, chairs the Sterling Money Markets Liaison Group (MMLG). The group meets quarterly as a means for the Bank and market practitioners to maintain regular contact with each other at a senior level. In addition to members from the market, who come from a broad range of institutions, there are also members from trade organisations and official bodies. Others are occasionally invited to discuss matters of particular interest. An article in the Winter 2001 Bank of England Quarterly Bulletin put the work of the MMLG and the Securities Lending and Repo Committee in context with the Bank's other market liaison and intelligence activities.
Foreign Exchange Joint Standing Committee, chaired by Paul Fisher, Head of Foreign Exchange Division, is a forum for banks and brokers to discuss broad foreign exchange market issues. It helped facilitate the production of a market Code for Non-Investment Products in cooperation with the MMLG and the London Bullion Market Association.
The Securities Lending and Repo Committee, chaired by Michael Cross, Head of Sterling Markets Division, provides an opportunity for practitioners and the authorities to discuss structural (including legal) developments in London-based securities lending and repo markets.
