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.
Press release