The Financial Policy Committee sets policy to meet the Bank’s statutory objective for financial stability.
The Committee has eleven members, of which five are Bank staff including The Governor, three Deputy Governors and the executive director for financial stability.
Four members of the Committee are independent experts chosen from outside the Bank, and selected for their experience and expertise in financial services. The Chief Executive of the Financial Conduct Authority is also a member.
The Committee also includes a non-voting member from HM Treasury.