Transparency data

Record of Financial Stability Report meeting: December 2017

A record of the meeting between the Chancellor of the Exchequer and Governor of the Bank of England on the bank's Financial Stability Report.

• From: HM Treasury and The Rt Hon Philip Hammond
• Published: 17 January 2018

This was published under the 2016 to 2019 May Conservative government

Documents

Meeting minutes

PDF, 109 KB, 5 pages

Details

The Financial Policy Committee (FPC) was created by the Financial Services Act 2012 and came into existence on 1 April 2013 as a key element of the government’s reforms to strengthen the financial regulatory structure in the UK.

The FPC is tasked with monitoring the stability of the financial system as a whole, with a view to ensuring that emerging risks and vulnerabilities are identified and effectively addressed. As part of its ongoing work the FPC publishes a Financial Stability Report (FSR) twice a year.

After the publication of each Financial Stability Report the Chancellor and the Governor of the Bank of England are required, by the Bank of England Act 1998 (as amended by the Financial Services Act 2012), to meet to discuss the report and other matters related to financial stability.

Published 17 January 2018