News Release
Financial Stability Review
31 October 96
This new publication from the Bank, in association with the Securities and Investments Board, is intended to provide a regular forum in which a range of contributors can set out ideas about risk management, financial regulation and developments in financial markets.
FSR aims:
- to promote the latest thinking in risk, regulation and financial markets;
- to facilitate discussion of issues that might affect risks to the UK financial system;
- to provide a forum for debate among practitioners, policy makers and academics.
In a joint message for the first issue, Eddie George, Governor of the Bank, and Sir Andrew Large, Chairman of the SIB, say:
"Hitherto, much of the work of the Bank and the SIB on these issues has been carried out behind the scenes. At the same time, public expectations of the financial services industry, and of the regulatory framework that underpins it, are higher than ever. In these circumstances there is a clear need to ensure that the objectives and limits of financial regulation are well understood. We believe that, by placing more of our ideas and research into the public domain, we will be better able to do this. But regulators have no monopoly of wisdom in this area. So the columns of the Financial Stability Review will also be open to those in the financial services industry, and other commentators, who have a worthwhile contribution to make."
In addition to a commentary on current financial sector issues, the first issue of FSR contains articles on the culture of regulation, electronic money, building society conversions, bancassurance, the metals market, the regulation of Crest, sovereign risk, deposit protection and international regulatory co-operation.
FSR will be published initially twice a year, and will cost £10 for a single copy. Subscription details and copies are available from the Bank of England, London EC2R 8AH (0207 601 5191).
