Section 4 of the Financial Services Act 2012 inserted new provisions into the Bank of England Act 1998 in respect of the Financial Policy Committee, including a requirement that HM Treasury make recommendations to the FPC in respect of matters that the FPC should regard as relevant to its understanding of the Bank of England's financial stability objective. The first recommendations have been made: see here (pdf).
Thursday 2 May 2013
UK: HM Treasury makes first recommendations to the Financial Policy Committee
Section 4 of the Financial Services Act 2012 inserted new provisions into the Bank of England Act 1998 in respect of the Financial Policy Committee, including a requirement that HM Treasury make recommendations to the FPC in respect of matters that the FPC should regard as relevant to its understanding of the Bank of England's financial stability objective. The first recommendations have been made: see here (pdf).
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