FPC Publishes Financial Stability Report in June 2017
The Financial Policy Committee (FPC) of the Bank of England published the financial stability report in June 2017. The report assesses the outlook for financial stability in the United Kingdom, including the assessment of the resilience of the UK financial system and the key risks to financial stability. The report also examines the actions FPC is taking to remove or reduce these risks.
The report describes the activities of FPC over the reporting period and discusses the extent to which its previous policy actions have succeeded. It also explains the detailed measures FPC is taking to ensure that the financial system has the resilience it needs. These measures include increasing the UK countercyclical capital buffer rate, bringing forward the assessment of stressed losses on consumer credit lending, clarifying the existing insurance measures in the mortgage market, restoring the level of resilience delivered by its leverage ratio standard, overseeing contingency planning to mitigate risks to financial stability as UK withdraws from EU, and setting out the essential elements of the regulatory framework for maintaining cyber resilience.
Related Link: Notification
Keywords: Europe, FPC, Financial Stability Report, Banking, Insurance, Securities, United Kingdom
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