The FPC's powers to supplement capital requirements: A draft policy statement

The interim Financial Policy Committee (FPC) is today publishing a draft Policy Statement explaining the planned powers for the FPC to give directions setting extra capital requirements for the purposes of financial stability.
Published on 14 January 2013

The statutory FPC will be required to publish such a Policy Statement. A draft is being published today to assist Parliament's scrutiny of forthcoming draft secondary legislation.

The government is planning two such powers: the countercyclical capital buffer (CCB) and sectoral capital requirements (SCRs). The CCB supplements headline capital requirements. The SCR supplements capital requirements on exposures to specific sectors judged to pose a risk to the system as a whole.

PDFPress release

PDFDraft Policy Statement

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