Financial Policy Committee
E17856
The Financial Policy Committee is the Bank of England body responsible for monitoring and addressing systemic risks to the UK financial system to maintain overall financial stability.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
Bank of England body
→
committee → macroprudential authority → |
| aimsTo |
ensure resilience of the UK financial system
→
protect and enhance the stability of the UK financial system → |
| compositionIncludes |
Deputy Governors of the Bank of England
→
Governor of the Bank of England → a representative of HM Treasury (non-voting) → external members appointed by the Chancellor of the Exchequer → |
| cooperatesWith |
Financial Conduct Authority
→
Monetary Policy Committee → Prudential Regulation Committee → |
| country |
United Kingdom
→
|
| fieldOfWork |
financial stability
→
macroprudential regulation → |
| hasChairperson |
Governor of the Bank of England
→
|
| hasMainResponsibility |
contributing to the stability of the UK financial system
→
identifying systemic risks to UK financial stability → monitoring systemic risks to the UK financial system → protecting and enhancing the resilience of the UK financial system → taking action to remove or reduce systemic risks → |
| headquartersLocation |
Bank of England, London
→
London → |
| inception |
2011
→
|
| jurisdiction |
United Kingdom
→
|
| languageOfWorkOrName |
English
→
|
| legalBasis |
Bank of England Act 1998 (as amended)
→
Financial Services Act 2012 → |
| locatedInTheAdministrativeTerritorialEntity |
City of London
→
England → |
| locatedInTimeZone |
Europe/London
→
|
| meetingFrequency |
at least quarterly
→
|
| monitors |
systemic risks to financial stability
→
vulnerabilities in the UK financial system → |
| oversees |
systemic risks in the UK financial system
→
|
| parentOrganization |
Bank of England
→
|
| partOf |
Bank of England
→
|
| publishes |
Financial Stability Report
→
|
| reportsTo |
HM Treasury
→
Parliament of the United Kingdom → |
| sector |
financial regulation
→
|
| subordinateTo |
Court of Directors of the Bank of England
→
|
| usesPolicyInstrument |
countercyclical capital buffer
→
leverage ratio tools → macroprudential tools → recommendations to other regulators → sectoral capital requirements → |
Referenced by (6)
| Subject (surface form when different) | Predicate |
|---|---|
|
Governor of the Bank of England
→
|
chairs |
|
Financial Services Act 2012
→
|
createdBody |
|
Bank of England
→
|
hasDivision |
|
Andrew Bailey
→
|
memberOf |
|
Governor of the Bank of England
→
|
oversees |
|
Prudential Regulation Committee
→
|
worksWith |