UK: Financial Policy Committee - financial stability report published - cyber risk and capital buffers

The Financial Policy Committee has published its second Financial Stability Report for 2015 (two reports are published in each calendar year): see here. An executive summary is available here (pdf). The FPC is maintaining the UK countercyclical capital buffer rate at 0% for the time being, but nevertheless states that it is "actively considering the appropriate setting" of the buffer; a review is planned for March 2016 and an increase seems likely. The FPC also notes that cyber risk continues to pose a threat to the financial system.