Regulatory Alerts2026-04-17
Minutes of the SONIA Stakeholder Advisory Group – 24 March 2026
The Bank of England’s SONIA Stakeholder Advisory Group issues these minutes to confirm robust benchmark administration, requiring continued oversight of a narrowed rate wedge and sustained trading volumes amid geopolitical tensions. The Group evaluates HM Treasury’s proposed UK Treasury bill expansion alongside emerging stablecoin frameworks, assessing their direct impact on monetary policy and financial stability. Recent SONIA derivative markets demonstrate resilient liquidity and record activity, with volatility driven by positioning adjustments rather than structural funding constraints.
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