Regulatory Alerts2026-07-08
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Minutes of the UK Money Markets Code Sub-Committee – June 2026
The Bank of England convened the UK Money Markets Code Sub-Committee to discuss gilt repo resilience, committee effectiveness, and the upcoming 2027 Code refresh. The Bank outlined potential structural improvements to the gilt repo market, including central clearing and margining practices, while noting that any policy changes will take years to implement. Committee members agreed to focus the Code refresh on recent market developments rather than a wholesale review and emphasized enhancing education and communication to improve Code awareness.
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