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).

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

  1. Response to the remit and recommendations for the Financial Policy Committee: Budget 2017

    • Correspondence
  2. Remit and recommendations for the Financial Policy Committee: Spring Budget 2017

    • Correspondence
  3. Response to the remit and recommendations for the Financial Policy Committee: Budget 2016

    • Correspondence
  4. Remit and recommendations for the Financial Policy Committee: Budget 2016

    • Correspondence
  5. Response to the remit and recommendations for the Financial Policy Committee: Summer Budget 2015

    • Correspondence
  6. Remit and recommendations for the Financial Policy Committee: Summer Budget 2015

    • Correspondence
  7. Response to the remit and recommendations for the Financial Policy Committee: March 2015

    • Correspondence
  8. Remit and recommendations for the Financial Policy Committee: Budget 2015

    • Correspondence
  9. Response to the Remit and Recommendations for the Financial Policy Committee: March 2014

    • Correspondence
  10. Remit and recommendations for the Financial Policy Committee: 2014

    • Correspondence
  11. Response to the Remit and Recommendations for the Financial Policy Committee: June 2013

    • Correspondence
  12. Government provides Financial Policy Committee with first remit

    • Press release
Published 19 March 2014
Last updated 4 July 2017 + show all updates
  1. Updated with the response to the 'Remit and recommendations for the Financial Policy Committee: Budget 2017'
  2. Spring Budget 2017 update published
  3. added FPC remit letter for March 2016
  4. Link to 'Remit and recommendations for the FPC: Budget 2016' added
  5. August 2015 response letter added
  6. FPC letter for Summer Budget 2015 added
  7. response to 2015 remit and recommendations for the Financial Policy Committee published
  8. remit and recommendations for 2015 published
  9. added FPC response
  10. First published.