Financial Policy Committee (FPC)

Updated: Aug 20, 2021

An independent committee at the Bank of England responsible for protecting and enhancing the resilience of the UK financial system by identifying, monitoring, and taking action to remove or reduce systemic risks. It was set up in 2013 as an analogue of the Monetary Policy Committee. The FPC meets quarterly to discuss the developments in the financial system and potential policy intervention. It can issue directions and recommendations to the Financial Conduct Authority and the Prudential Regulation Authority.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.