Minutes of the SONIA Stakeholder Advisory Group - 24 March 2026
Why this matters
This regulatory update covers discussions around SONIA, the UK's risk-free rate, including the impact of potential changes to the UK Treasury bill market and the rise of stablecoins. It is relevant for banks, broker-dealers, fintechs, and crypto exchanges that participate in money markets and use SONIA as a reference rate. The update also touches on prudential requirements, technology/cyber risks, and market abuse considerations.
AI-generated classification rationale, not a full analysis. Verify with the original BoE source before acting. Full disclaimer.
What the BoE said
The SONIA Stakeholder Advisory Group supports the Bank’s administration of SONIA by providing advice and technical input to the Bank and the SONIA Oversight Committee
Published by BoE . Read the full notice at the source for the authoritative text.
Context
Bank of England (BoE) — UK central bank overseeing monetary policy and financial stability. We track 247 updates from them.
Financial services regulation in the UK, primarily overseen by the FCA and PRA. Browse all United Kingdom updates.
This update is classified under Prudential / Capital Requirements, Technology & Cyber, Market Abuse / Surveillance and Banking & Credit.