Instruments of Macroprudential Policy
10 Feb 2012
Source: Bank of England (BoE)
Deadline: 10 February 2012
In a discussion paper, The Bank of England and The Financial Services Authority provide a detailed analysis of a range of macroprudential tools that the Financial Policy Committee (FPC) discussed at its September meeting. The proposed powers of the permanent FPC include an ability to make recommendations to the Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA) and other bodies. In addition, it is proposed that the Committee should have powers of direction through which it could require specific actions by the PRA and FCA.
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