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The MMCG discusses issues related to the euro money market. This includes short-term developments but also structural developments and the functioning of the euro area money market in general. Where relevant, issues relating to other markets may also be discussed. Of particular interest for the ECB is market participants’ feedback on the ECB’s money market operations and the general features of its operational framework.
Work programme for 2010, download
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The MMCG is chaired by the Director General of the ECB Directorate General for Market Operations with the Principal Adviser in DG Market Operations acting as the ECB member of the group. The MMCG has around 20 members representing different commercial banks from all over Europe. The members are chosen with regard to the bank they represent, their job responsibilities within that bank and its current role in the market. The composition of the group is reviewed on an annual basis. In addition to the members, representatives from the euro area national central banks, which have the status of observer, may follow the discussions in the group.
List of members, download
back to topThe MMCG usually meets with a quarterly frequency.
| Year | Date | Agenda | Summary | Other documents |
|---|---|---|---|---|
| 2010 | 15 December | - | - | - |
| 8 September | download | - | - | |
| 18 May | download | download |
Item 1 - Recent market developments
download Item 1 - Recent repo market developments download Item 3 - Public consultation to the BCBS proposal for an international liquidity risk framework download |
|
| 7 May | Teleconference | download | - | |
| 10 February | download | download |
Item 1 - Managing liquidity risk with an internal model
download Item 2 - The Basle Committee's proposal for an international liquidity risk framework download Item 3 - Recent market developments download |
|
| 2009 | 19 November | download | download | Item 1 - Recent market developments download Item 2 - Liquidity regulation in the UK download Item 3 - ECB money market survey download / ICMA repo survey download |
| 1 September | download | download | Group picture, jpeg, 311 kB Item 1: Development of robust and internationally consistent approaches for liquidity supervision: The current state of international initiatives download Large exposure legislation download Item 2: Upcoming changes to the liquidity regulation in France download Item 4: Review of the initial phase of the ECB’s Covered Bond Purchase Programme download Item 5: Review of the market developments since the previous meeting download |
|
| 19 May | download | download | Item 1 - Review of recent market developments download Item 3 - Update on repo market developments download |
|
| 18 February | download | download | Item 1 - Review of recent market developments download Item 2 a - Update on the Risk Control Framework download Item 2 b - Update on the eligibility and the use of collateral download Item 3 - Changes to banks' internal organisations download, download, download |
|
| 2008 | 18 November | download | download | Recent market developments
download
Repo market developments download CP market impact of the US CPFF download Upade on the collateral framework download |
| 29 October | Teleconference | download | - | |
| 10 October | Teleconference | download | - | |
| 25 September | Teleconference | download | - | |
| 16 September | Teleconference | download | - | |
| 11 September | download | download | Group picture, jpeg, 239 kB Initial findings of the 2008 ECB Money Market Survey download Update on TARGET2 Securities download Biennial review of risk control measures download Recent market developments download |
|
| 27 May | download | download | Initiatives in the field of liquidity risk management
download
Repo market analysis download Recent market developments download STEP update download Step statistics download |
|
| 17 March | Teleconference | download | - | |
| 29 February | download | download | Eurex Repo
download
Update on CCBM2 download Recent Market developments download |
|
| 2007 | 4 December | download | download | The ECB Money Market Survey 2007,
download
Recent money market developments, download The impact of Basel II on treasury instruments, download An update on the Eonia Swap Index, download |
| 27 September | download | download | Group picture, jpeg, 457 kB Credit claims and ABS as Eurosystem eligible collateral, download Update on TARGET2-Securities, download Recent money market developments, download |
|
| 31 May | download | download | Recent Money Market Developments,
download
The impact of collateral on the relationship between ECB tender rates and 1-week repo rates. Part 1: download [1.93 MB] ; Part II: download [3.01 MB] An update on the STEP project, download The principles of the CCBM II project, download |
|
| 14 February | download | download | Recent money market developments,
download
Banknotes in circulation, download [1.14 MB] |
|
| 2006 | 23 November | download | download | Group picture, jpeg, 633 kB Work programme for 2007, download Money Markets Survey 2006, download [2.22 MB] TARGET2 Securities, download Recent money market developments, download |
| 20 September | download | download | Joint letter of the Chairmen of the MMCG and the COGESI on credit claims,
download
Update on credit claims, download Recent money market developments, download Update on the STEP market, download |
|
| 17 May | download | download | Banks' organisation of money market activities - Results of a survey among the members of the MMCG,
download
Recent Money Market Developments, download |
|
| 16 February | download | download | Summary of the main findings of the comparison between the ICMA European Repo Survey and the ECB Euro Money Market Study, download A comparative analysis of the ICMA European Repo Survey and the ECB Money Market Data, download Recent Money Market Developments, download |
