The report, Financial System Stability Assessment, based on a Financial Sector Assessment Program (FSAP) review of the UK carried out over the past 18 months, says:
“The UK’s large and sophisticated financial sector features fundamentally sound and highly developed financial institutions, markets and infrastructure, supported by a financial stability policy framework that has been significantly strengthened in a number of ways in recent years, and that in many respects is at the forefront internationally.
“Clearly a great deal of thought has gone into making the institutional structure work – how to sharpen focus, accountabilities and transparency …[and] at the same time to encourage and facilitate coordination between the main players”.
Press release