Collection

Financial Policy Committee remit

Letters 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).

• From: HM Treasury
• Published: 19 March 2014
• Last updated: 15 November 2024 — See all updates

The FPC 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 FPC with a written remit and recommendations at least once a year.

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

The 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.

Documents

• Remit and recommendations for the Financial Policy Committee: November 2024
  • 15 November 2024
  • Correspondence
• Remit and recommendations for the Financial Policy Committee: Autumn Statement 2023
  • 22 November 2023
  • Correspondence
• Remit and recommendations for the Financial Policy Committee: Autumn Statement 2022
  • 17 November 2022
  • Correspondence
• Recommendations for the Financial Policy Committee: April 2022
  • 7 April 2022
  • Correspondence
• Remit and recommendations for the Financial Policy Committee: Budget 2020
  • 11 March 2020
  • Correspondence
• Remit and recommendations for the Financial Policy Committee: 2019
  • 4 November 2019
  • Correspondence
• Remit and recommendations for the Financial Policy Committee: Budget 2018
  • 29 October 2018
  • Correspondence
• Response to the remit and recommendations for the Financial Policy Committee: Budget 2017
  • 4 July 2017
  • Correspondence
• Remit and recommendations for the Financial Policy Committee: Spring Budget 2017
  • 8 March 2017
  • Correspondence
• Response to the remit and recommendations for the Financial Policy Committee: Budget 2016
  • 26 May 2016
  • Correspondence
• Remit and recommendations for the Financial Policy Committee: Budget 2016
  • 16 March 2016
  • Correspondence
• Response to the remit and recommendations for the Financial Policy Committee: Summer Budget 2015
  • 11 August 2015
  • Correspondence
• Remit and recommendations for the Financial Policy Committee: Summer Budget 2015
  • 8 July 2015
  • Correspondence
• Response to the remit and recommendations for the Financial Policy Committee: March 2015
  • 26 March 2015
  • Correspondence
• Remit and recommendations for the Financial Policy Committee: Budget 2015
  • 18 March 2015
  • Correspondence
• Response to the Remit and Recommendations for the Financial Policy Committee: March 2014
  • 1 April 2014
  • Correspondence
• Remit and recommendations for the Financial Policy Committee: 2014
  • 19 March 2014
  • Correspondence
• Response to the Remit and Recommendations for the Financial Policy Committee: June 2013
  • 26 June 2013
  • Correspondence
• Government provides Financial Policy Committee with first remit
  • 30 April 2013
  • Press release

Published 19 March 2014
Last updated 15 November 2024 + show all updates

1. 15 November 2024

   Updated with Remit and recommendations for the Financial Policy Committee: November 2024.

2. 22 November 2023

   Updated with: Remit and recommendations for the Financial Policy Committee: Autumn Statement 2023

3. 17 November 2022

   Updated with: Remit and recommendations for the Financial Policy Committee: Autumn Statement 2022.

4. 7 April 2022

   Updated with: Recommendations for the Financial Policy Committee: April 2022.

5. 29 October 2018

   'Remit and recommendations for the Financial Policy Committee: Budget 2018' published.

6. 29 October 2018

   Updated with Remit and recommendations for the Financial Policy Committee: Budget 2018

7. 4 July 2017

   Updated with the response to the 'Remit and recommendations for the Financial Policy Committee: Budget 2017'

8. 8 March 2017

   Spring Budget 2017 update published

9. 26 May 2016

   added FPC remit letter for March 2016

10. 16 March 2016

    Link to 'Remit and recommendations for the FPC: Budget 2016' added

11. 11 August 2015

    August 2015 response letter added

12. 8 July 2015

    FPC letter for Summer Budget 2015 added

13. 26 March 2015

    response to 2015 remit and recommendations for the Financial Policy Committee published

14. 18 March 2015

    remit and recommendations for 2015 published

15. 1 April 2014

    added FPC response

16. 19 March 2014

    First published.