Last month, the
Chancellor set out, as required by the
Bank of England Act 1998 (as amended by the
Financial Services Act 2012), the remit and recommendations for the
Financial Policy Committee for the year ahead: see
here (
pdf). The FPC published its response yesterday: see
here (
pdf). The FPC's response explained, amongst other things, the focus on potential risks from non-bank activities (noting that, by balance sheet size, nearly half of the UK financial system consists of non-bank financial institutions).
No comments:
Post a Comment