Thursday, 21 March 2013

UK: the new financial regulatory framework - more secondary legislation and MPC/FPC coordination

The Financial Services Act 2012 sets out the structure of the UK's new financial regulatory framework but some matters have been left to secondary legislation. In this regard the following have recently been made:
It is also worth noting that the Government yesterday published an updated remit for the Monetary Policy Committee and this outlined what is expected of the MPC with regard to the new Financial Policy Committee and the coordination of monetary and macro-prudential policy: see here (pdf).

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