Macroprudential Policy at the Bank of England
9 Pages Posted: 18 Sep 2013
Date Written: September 17, 2013
A vital element of recent reforms to the UK architecture of financial regulation is the creation of a macroprudential authority at the Bank of England — the Financial Policy Committee (FPC). This article explains the role and powers of the FPC in relation to risks that threaten the resilience of the UK financial system as a whole. It also describes some of the processes supporting the new committee.
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