Correspondence

Recommendations for the Financial Policy Committee: April 2022

Letter from the Chancellor of the Exchequer to the Governor of the Bank of England providing recommendations for the Financial Policy Committee (FPC) for 2021.

From:
HM Treasury and 皇冠体育app Rt Hon Rishi Sunak MP
Published
7 April 2022
This was published under the 2019 to 2022 Johnson Conservative government

Documents

PDF, 203 KB, 6 pages

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Details

皇冠体育app FPC acts as the UK鈥檚 macroprudential authority. It is tasked with ensuring that emerging risks and vulnerabilities across the financial system are identified, monitored and effectively addressed.

皇冠体育app Bank of England Act 1998 allows the government to provide the FPC with a written recommendations. 皇冠体育app FPC is required to respond to the government, setting out any action it has taken or intends to take in response to a specific recommendation and, if appropriate, any reasons why it does not intend to act on a recommendation.

This letter provides such recommendations. It should be read in conjunction with the remit letter sent to the Governor of the Bank of England on 3 March 2021 as the recommendations in this letter are intended to supplement rather than replace the recommendations made in the 2021 letter.

Updates to this page

Published 7 April 2022

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