Financial Stability - the Bank's role
The Bank's role is to consider risks across the system as a whole - systemic risk- which would otherwise undermine the financial system in general. The Bank's focus is not individual financial institutions. Individual financial institutions and exchanges are monitored and regulated by the Financial Services Authority (FSA).
The Bank's financial stability remit is set out in the Memorandum of Understanding (MoU) between the Bank, HM Treasury and the FSA. This formalises the allocation of responsibilities for regulation and financial stability in the UK. A high level Standing Committee meets regularly and provides a forum in which the three organisations can address potential risks which may emerge.
More
on the Bank's Financial Stability Role - Functions >>
Key Resources
 |
Memorandum of Understanding between HM Treasury,
the Bank of England and the Financial Services Authority
Download PDF (50k) |
|
Bank of England Settlement Accounts: A Policy Document In its paper, Oversight of Payment Systems, published in November 2000, the Bank said that it would set out its policy on the provision of settlement accounts for payment system members. This document meets that commitment. Download PDF (157k) |
|
The Tripartite Standing Committee: Meetings and Publications, HM Treasury document Download PDF (100k) |
