Instruments for Macroprudential Policy: A Discussion Paper

In a discussion paper published today, Bank of England and Financial Services Authority staff provide a detailed analysis of a range of macroprudential tools that the Financial Policy Committee (FPC) discussed at its September meeting.
Published on 20 December 2011

A growing international consensus is emerging on the need to re-orientate regulatory frameworks to place stronger emphasis on mitigating risks in the financial system as a whole. In June 2011, the Government announced the details of its plans to reform the UK regulatory framework along these lines.(1) A key plank of these proposals is the establishment of a new committee at the Bank of England — the Financial Policy Committee (FPC). The FPC will be tasked with monitoring the stability and resilience of the UK financial system and using its powers to tackle those risks.

PDF Instruments of macroprudential policy

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