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
• Published: 7 April 2022

Documents

Recommendations for the Financial Policy Committee: April 2022

PDF, 203 KB, 6 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

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 allows the government to provide the FPC with a written recommendations. 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.

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.

Published 7 April 2022