On 27 March 2026, the Bank of England’s Money Markets Committee (MMC) met at Threadneedle Street to discuss several developments in the UK sterling money markets. The Committee welcomed new member Ian Williams of the Royal Bank of Canada and reviewed the Bank’s recent “Resilience and readiness across the Sterling Monetary Framework” update. Executive Director Vicky Saporta announced a simplification of the Discount Window Facility (DWF) pricing, setting fixed spreads of +15 bps for Level A, +25 bps for Level B and +50 bps for Level C collateral. PRA Director Phil Evans confirmed that the Bank and the Prudential Regulation Authority remain aligned on the use of central‑bank liquidity facilities. A Bank staff member reported that CHAPS settlement will open at 01:30 from September 2027, giving firms an optional early‑morning start time.
© Governor and Company of the Bank of England.
Summary adapted from the Bank of England website (https://www.bankofengland.co.uk ).
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