Remit and recommendations for the Financial Policy Committee: 2014

19 Mar 2014 04:42 PM

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England providing the remit and recommendations for the Financial Policy Committee (FPC) for 2014.

The acts as the UK’s macroprudential authority. It is tasked with ensuring that emerging risks and vulnerabilities across the financial system are identified, monitored and effectively addressed. acts as the UK’s macroprudential authority. It is tasked with ensuring that emerging risks and vulnerabilities across the financial system are identified, monitored and effectively addressed.

The Bank of England Act 1998 (as amended by the Financial Services Act 2012) requires the government to provide the with a written remit and recommendations at least once a year. with a written remit and recommendations at least once a year.

The remit specifies the government’s economic policy and provides guidance to the on its objectives and functions. on its objectives and functions.

Remit and recommendations for the Financial Policy Committee  (PDF, 6kb, 7 pages)