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...." . She said she would ask the Bank's Monetary Policy Committee, Financial Policy Committee and Prudential Regulation Committee, on which she now sits, to review if further steps were needed to manage the potential conflict of interest. ... [Read full article on BBC ]
Tuesday 7th of March 2017 04:00:30 PM
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....". Ms Hogg will also sit on the Monetary Policy Committee (MPC), which takes interest rate decisions, and the Financial Policy Committee (FPC). ... [Read full article on BBC ]
Thursday 2nd of March 2017 12:00:04 AM
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Latest Finance News related to Financial Policy Committee

Bank deputy Charlotte Hogg admits breaching guidelines image
Source : BBC [Read Article] Tuesday 7th of March 2017 04:00:30 PM
...." . She said she would ask the Bank's Monetary Policy Committee, Financial Policy Committee and Prudential Regulation Committee, on which she now sits, to review if further steps were needed to manage the potential conflict of interest. ...
Bank deputy Charlotte Hogg 'must avoid conflicts of interest' image
Source : BBC [Read Article] Thursday 2nd of March 2017 12:00:04 AM
....". Ms Hogg will also sit on the Monetary Policy Committee (MPC), which takes interest rate decisions, and the Financial Policy Committee (FPC). ...
RBS biggest failure in bank stress test image
Source : BBC [Read Article] Wednesday 30th of November 2016 07:40:07 AM
....Standard Chartered missed a key metric as well, although it was not asked to take any action. The Bank's Financial Policy Committee said in light of the findings and action taken by RBS, "the banking system is in aggregate capitalised to support the real economy in a severe, broad and synchronised stress scenario". ...
Bank of England clampdown on buy-to-let mortgages image
Source : Daily Express [Read Article] Thursday 17th of November 2016 04:38:00 PM
. The Bank's Financial Policy Committee (FPC) is expected to ban lenders from offering loans in cases where rent on properties is not considered high enough in relation to interest charged on the loan. ...
Help to Buy mortgage guarantee not needed, says Bank image
Source : BBC [Read Article] Thursday 22nd of September 2016 11:00:00 AM
....The move is unlikely to affect other Help to Buy schemes, which include equity loans to buy newly-built homes, as well as the Help to Buy Isa savings scheme which is aimed at those saving for a deposit. In its review of the Help to Buy Mortgage Guarantee Scheme, the Financial Policy Committee (FPC) said that the scheme accounted for 3% of total mortgage lending in the first quarter of the year. ...
Bank of England warns property is a key risk to economy image
Source : BBC [Read Article] Tuesday 5th of July 2016 12:19:19 PM
....Even before the Brexit vote, that inflow of money to the UK had slowed down, falling by 50% in the first quarter of 2016. The Financial Policy Committee warns that: "Valuations in some segments of the market, notably the prime London market, had become stretched. ...
Brexit: George Osborne pledges to cut corporation tax image
Source : BBC [Read Article] Sunday 3rd of July 2016 05:35:32 PM
....Mr Osborne's announcement comes amid reports that the Bank of England could this week lower the amount of capital banks have to keep aside as a safety net in case of unexpected risks. On Tuesday, the Bank publishes the outcome of its bi-annual Financial Policy Committee meeting which looks at risks to the UK's financial stability. ...
UK current account deficit at new high image
Source : BBC [Read Article] Thursday 31st of March 2016 09:22:41 AM
.... Now can anyone think of any scenarios like that?. Earlier this week, the Bank of England's Financial Policy Committee warned that uncertainty over the UK's membership of the EU posed risks to financial stability, with implications for the current account deficit. ...
The Bank of England warns over potential credit crunch amid EU uncertainty image
Source : Daily Express [Read Article] Wednesday 30th of March 2016 12:01:00 AM
. The Bank’s Financial Policy Committee (FPC) said the UK banking sector was “resilient”, but added that heightened uncertainty triggered by Britain’s forthcoming referendum on EU membership posed a risk to financial stability. ...
Source : Reuters [Read Article] Tuesday 29th of March 2016 12:47:33 PM
....BoE Governor Mark Carney came under fire from some pro-Brexit lawmakers earlier this month for exaggerating the dangers of leaving the EU, though the central bank does not have an official position on whether Britain should remain. The BoE's Financial Policy Committee, which Carney chairs, said on Tuesday that "heightened and prolonged uncertainty . ...
Bank warns of EU referendum risks image
Source : BBC [Read Article] Tuesday 29th of March 2016 12:01:11 PM
. The Bank of England's Financial Policy Committee says that the outlook for financial stability has deteriorated since November. ...
....The central bank said the outlook for financial stability had worsened since its last quarterly report in November, and also moved ahead with plans to require some banks to hold extra capital as lending growth started to pick up. "The outlook for financial stability in the United Kingdom has deteriorated," the BoE's Financial Policy Committee said. ...
Source : Reuters [Read Article] Tuesday 29th of March 2016 10:18:42 AM
....BoE Governor Mark Carney came under fire from some pro-Brexit lawmakers earlier this month for exaggerating the dangers of leaving the EU, though the central bank does not have an official position on whether Britain should remain. The BoE's Financial Policy Committee, which Carney chairs, said on Tuesday that "heightened and prolonged uncertainty . ...
John Vickers says banks still need more capital image
Source : Telegraph [Read Article] Monday 15th of February 2016 12:58:53 PM
.... . Last month, Martin Taylor, an external member of the Bank of England’s Financial Policy Committee and himself a former member of the ICB panel, told MPs that the average buffers of UK banks may be closer to 13pc of their assets than the 11pc they report because of different definitions of bank capital. ...
Bank of England poised to act if household debt spirals image
Source : Telegraph [Read Article] Tuesday 9th of February 2016 01:11:28 PM
.... . He said the Financial Policy Committee (FPC), which is in charge of maintaining financial stability, would consider taking action if credit started to grow faster than the economy. ...
Bank of England promises to ‘up our game’ to avoid civil war image
Source : Telegraph [Read Article] Saturday 30th of January 2016 07:33:46 PM
.... . Alex Brazier on the Financial Policy Committee wants to stop low interest rates causing dangerously high levels of borrowing. ...
Osborne's landlord tax grab pushing one in 10 landlords to sell up image
Source : Daily Express [Read Article] Wednesday 6th of January 2016 05:07:00 PM
....It's also thought the Bank of England could start to clamp down on buy-to-let mortgage lending later this year. The Bank's Financial Policy Committee (FPC) underlined fears that Britain's growing number of property investors could trigger a financial crisis if the majority decided to sell when interest rates increased in its most recent financial stability report. ...
Bank of England set to be handed new buy-to-let powers image
Source : Telegraph [Read Article] Thursday 17th of December 2015 06:23:17 PM
.... "That is why the Government has radically reformed Britain's supervisory landscape, putting the Bank of England back at its heart. And it is why we created the Financial Policy Committee with a clear remit to identify and address potential financial stability risks. ...
Buy-to-let faces tough challenges in 2016, say lenders  image
Source : Daily Express [Read Article] Thursday 17th of December 2015 02:41:00 PM
. Size of loans relative to deposits and profits from rents could be limited by the Bank's Financial Policy Committee (FPC), under the Treasury's proposals launched in today's consultation. ...
Bank to get new powers on buy-to-let image
Source : BBC [Read Article] Thursday 17th of December 2015 11:26:58 AM
....This could either be done by taking into account the size of the loan in relation to the property's value, or by taking into account whether the landlord's rent covers his or her mortgage payments. The Bank's Financial Policy Committee (FPC) has already implemented similar measures for ordinary household mortgages. ...
FTSE climbs for second day ahead of Fed but Arm falls on iPhone concerns image
Source : Guardian [Read Article] Wednesday 16th of December 2015 05:06:17 PM
.... We see the valuations of the three largest builders coming under pressure if gross margins peak in 2016 as selling price inflation cools but cost inflation does not. Our view has not changed as the autumn statement changes are mixed for the sector and the Financial Policy Committee’s inaction is a delay rather than a cancellation. ...
Bank of England set to clampdown on landlord mortgages in 2016 image
Source : Daily Express [Read Article] Wednesday 16th of December 2015 12:55:00 PM
.... This week, Godiva has tightened short term borrowing rules, it follows Barclays demands that borrowers must prove rent makes up 135 per cent (up from 125 per cent) of mortgage costs. Last week the International Monetary Fund (IMF) urged the Bank's Financial Policy Committee (FPC) to take action over the buy to let market during an assessment of Britain's economy. ...
Source : Reuters [Read Article] Wednesday 16th of December 2015 07:27:21 AM
.... And I think collectively there are a number of things happening and we are watching it, we are watching it closely and we will take action," Carney said. The BoE took no action on the buy-to-let market at the latest meeting of its Financial Policy Committee, instead saying it stood ready to act if necessary. ...
Carney vows action on buy-to-let market image
Source : BBC [Read Article] Tuesday 15th of December 2015 10:58:28 PM
....Mr Carney said the problem was that investors might sell their properties at the same time if house prices fell. In September, the Bank's Financial Policy Committee (FPC) made a similar warning about the buy-to-let market. ...
IMF Boss pleads with Britain to STAY in Europe image
Source : Daily Express [Read Article] Friday 11th of December 2015 02:20:00 PM
...."The IMF said loan-to-income limits or the imposition of loan-to-value caps could be needed if the amount of higher-leverage mortgages do not continue to fall. And the Financial Policy Committee's remit on mortgage lending should also be extended to cover buy-to-let loans, which could see more stringent lending conditions for landlords. ...
Global regulators join crackdown on buy-to-let image
Source : Telegraph [Read Article] Thursday 10th of December 2015 12:14:35 PM
.... . But the Financial Policy Committee at the Bank of England, headed by Mark Carney, yesterday warned that buy-to-let mortgages are twice as likely to turn bad as loans taken out by owner-occupiers. ...
Risky buy-to-let lending on the up image
Source : Telegraph [Read Article] Wednesday 9th of December 2015 01:25:52 PM
.... . But officials on the Financial Policy Committee, which is chaired by Bank governor Mark Carney, fear that landlords may be more vulnerable to a slowdown in the market, a fall in house prices or a rise in interest rates than borrowers who buy a property to live in. ...
Martin Gilbert: Bank of England should scrap daily liquidity image
Source : Telegraph [Read Article] Saturday 5th of December 2015 07:30:28 PM
.... The Financial Conduct Authority, headed by Tracey McDermott, is also looking at the asset management sector. The Bank of England’s Financial Policy Committee could make recommendations to the Prudential Regulation Authority or the Financial Conduct Authority on how to change the asset management sector, but it is still diagnosing the problems for now. ...
Bank of England adviser: 'Everyone should have two bank accounts in case of cyber attack' image
.... . His remarks came in an interview with the BBC's Today Programme ahead of the release by the Bank of England's Financial Policy Committee of its latest Financial Stability Report. ...
Banks 'should be able to fail' image
Source : BBC [Read Article] Wednesday 2nd of December 2015 11:17:51 AM
....". The Bank of England's Financial Policy Committee, which announced its results on Tuesday, took no action on the buy-to-let market at its last meeting. ...
Source : Reuters [Read Article] Wednesday 2nd of December 2015 08:53:56 AM
....". The BoE took no action on the buy-to-let market at the latest meeting of its Financial Policy Committee, the results of which were announced on Tuesday. ...
Source : Reuters [Read Article] Monday 30th of November 2015 09:33:16 AM
.... . In September, the BoE's Financial Policy Committee said it expected house price inflation to pick up in the coming months and would be closely monitoring Britain's so-called buy-to-let market, dominated by small landlords. ...
Britain's biggest lenders await Bank of England's verdict on health checks image
Source : Guardian [Read Article] Sunday 29th of November 2015 06:36:21 PM
....Speculation that the Bank could impose more stringent capital rules on banks was sparked by remarks last week by Andy Haldane, the Bank’s chief economist, that consumer credit, and personal loans in particular, had been “picking up at a rate of knots”. His view that the Bank might want to look “fairly carefully” at this area had led to expectations that the Financial Policy Committee (FPC), set up to look for bubbles in financial markets, might use new powers to demand banks hold more capital against riskier lending operations. ...
Lenders lobby Bank of England to leave buy-to-let alone image
Source : Telegraph [Read Article] Saturday 28th of November 2015 07:00:25 PM
.... Chancellor George Osborne has hit landlords with two new taxes this year, and lenders fear the Bank of England could join in with its own restrictions on the sector  Photo: David Rose/The Daily Telegraph . In September the Financial Policy Committee said: “As the market continues to grow, particularly if driven by loosening of underwriting standards, the sector could pose risks to broader financial stability, both through credit risk to banks and the amplification of movements in the housing market. ...
Consumer spending rise troubles Bank of England image
Source : Guardian [Read Article] Tuesday 24th of November 2015 12:46:33 PM
....”. The Financial Policy Committee (FPC), created after the financial crisis, is meant to prevent a future crash by allowing the Bank to take action in particular markets without using the blunter tool of interest rates. ...
Rates 'not tool for housing market' image
Source : BBC [Read Article] Friday 6th of November 2015 05:00:07 AM
....She said this analysis supported the use of other tools to control the housing market. "We have an FPC [Financial Policy Committee], which works alongside the MPC [Monetary Policy Committee]. ...
How long will the buy-to-let boom last? image
Source : Guardian [Read Article] Wednesday 4th of November 2015 12:46:53 PM
.... Alternatively, an increase in buy-to-let activity would increase house prices further, putting pressure on other property buyers to mortgage to the hilt. Potentially, the Bank could act through its Financial Policy Committee to dampen the market, requiring lenders to tighten up on loan-to-value or mortgage-to-income ratios for investors. ...
City watchdogs have revealed the biggest problem in finance image
Source : Telegraph [Read Article] Thursday 22nd of October 2015 08:45:02 PM
.... “We have until recently been in a very muted phase of the credit cycle,” Sir Jon said. “We are now, I hope, entering a more normal phase of the cycle, and approaching the point at which, from a macro-prudential standpoint, the Financial Policy Committee will have to spend less of its time on the design of the regulatory framework and a lot more of its time on whether and when it needs to address the build-up of cyclical risk in the financial system. ...
George Osborne: no climbdown on challenger bank tax image
Source : Telegraph [Read Article] Thursday 22nd of October 2015 02:14:45 PM
.... . The Bank's Financial Policy Committee (FPC) can already make recommendations to the Treasury if it believes the sector poses a threat to financial stability, but cannot enforce them. ...
Source : Reuters [Read Article] Thursday 22nd of October 2015 10:19:19 AM
....Speaking to a parliament committee, Osborne let slip that the BoE would receive new powers soon. "The governor of the Bank and the FPC (Financial Policy Committee) have asked for additional powers over buy-to-let mortgages which weren't included, and we have granted those powers," he said. ...
Source : Reuters [Read Article] Thursday 22nd of October 2015 08:58:55 AM
.... government bond prices have raised concern among central banks, with asset managers worried they face heavy new rules. "A particular concern occupying both the (BoE's) Financial Policy Committee and authorities internationally is that simultaneous redemptions from open-ended funds offering short-term redemptions could test the resilience of market liquidity," BoE Deputy Governor Jon Cunliffe said. ...
Carney: regulation tweaks may be needed to preserve financial stability image
Source : Telegraph [Read Article] Tuesday 20th of October 2015 05:05:33 PM
.... . The Financial Policy Committee (FPC), which is responsible for UK financial stability, will continue an examination of the impact of regulatory reforms on financial markets during its Open Forum next month. ...
Britain's biggest banks to be forced to separate retail banks from investment arms image
....3bn extra capital. Next year the Financial Policy Committee will decide how much extra capital the retail arms should hold to cover their risk to the financial system, which could add another 3pc to those units' capital requirements. ...
Global markets will only get more volatile and put UK lending at risk, Bank of England warns image
.... Mark Carney is keeping an eye on risks to financial stability, which include global turmoil, buy to let mortgages and cyber-security  Photo: David Rose. The Bank's Financial Policy Committee, which is probing the matter, has found that since the financial crisis stock markets have become much more sensitive and prone to extreme swings. ...
What is the 'balance of payments deficit' that Labour keeps talking about? image
Source : Telegraph [Read Article] Wednesday 30th of September 2015 01:11:03 PM
.... . Earlier this year the Bank of England’s Financial Policy Committee – responsible for fending off threats to financial stability – put the current account at the top of its list of “domestic risks”. ...
Source : Reuters [Read Article] Wednesday 30th of September 2015 06:18:12 AM
....". Last week the Bank of England's Financial Policy Committee said they expected house price inflation to pick up in the coming months and would be closely monitoring Britain's buy-to-let market, dominated by small landlords. ...
Source : Reuters [Read Article] Tuesday 29th of September 2015 08:35:54 AM
....The figures suggest Britain's housing market is starting to accelerate again after a temporary dip last year when tighter rules on mortgage lending took effect, requiring banks and building societies to make more rigorous checks on whether borrowers can afford their loans. Last week the BoE's Financial Policy Committee said they expected house price inflation to pick up in the coming months and would be closely monitoring Britain's so-called buy-to-let market, dominated by small landlords. ...
Britain's buy-to-let £200billion mortgage boom now equivalent to economy of Hong Kong image
....It comes after the Bank of England today warned that buy-to-let lending poses a risk to Britain's financial stability. In line with rising house prices investors are in line taking on ever larger loans, which leaves them vulnerable if house prices are to fall, said the Financial Policy Committee in a report. ...
Bank of England warns buy-to-let is the next big threat to UK financial stability image
.... . The Financial Policy Committee, led by Governor Mark Carney, said landlords were more sensitive to booms and busts, buying rapidly when prices rise but also selling properties quickly during a downturn. ...
Bank concerns over buy-to-let boom image
Source : BBC [Read Article] Friday 25th of September 2015 09:06:38 AM
....Could the rise of buy-to-let be putting us in danger again?. The Bank's Financial Policy Committee says it "has the potential to amplify the housing and credit cycles". ...
World's big banks set to be sued in London over forex rigging image
Source : Independent [Read Article] Saturday 15th of August 2015 01:11:00 AM
....The prospect of further large forex-related litigation costs for big UK banks will concern regulators. The Bank of England’s Financial Policy Committee identified misconduct costs as one of the “main risks” facing the financial sector. ...
Carney tells Osborne: Bank of England may need more power to go after risk takers image
....” . The Financial Policy Committee's secondary goal is to promote economic growth, and Chancellor George Osborne has told the Bank that this should include increased productivity  Photo: Simon Dawson/Bloomberg. ...
Source : Reuters [Read Article] Friday 7th of August 2015 07:46:27 AM
...."Clearly there are going to be pockets where at any one time house price inflation is quite high but I think overall in the UK we don't view that with great alarm," Broadbent told BBC radio. Broadbent, who is deputy governor for monetary policy, also sits on the BoE's Financial Policy Committee which watches out for risks to the economy from the banking sector. ...
Are we ready to forgive the bankers? image
Source : BBC [Read Article] Wednesday 5th of August 2015 12:14:13 AM
....5bn in June, the sharpest decline in at least four years, according to the Bank of England. Last month the chancellor said he was giving the Bank of England's Financial Policy Committee the job of pushing the importance of banks lending for productive investment. ...
Treasury sells RBS stake at £1bn loss image
Source : BBC [Read Article] Tuesday 4th of August 2015 06:19:09 AM
....Mr Carney said in June the phased sell-off "would promote financial stability" and benefit the wider economy. As governor, Mr Carney is also chairman of the board of the Financial Policy Committee, which is tasked with protecting the stability of the financial system. ...
Is the UK economy on another credit-fuelled binge? image
Source : Telegraph [Read Article] Wednesday 29th of July 2015 02:30:53 PM
.... While mortgage approvals have picked up, they remain well below pre-crisis levels of more than 100,000 a month. The Bank of England's Financial Policy Committee (FPC), which is in charge of maintaining financial stability, took steps last year to try to prevent the market from overheating. ...
Source : Reuters [Read Article] Wednesday 29th of July 2015 12:39:15 PM
....While the lending data is often volatile, the fall could be a concern for policymakers who say business lending is key to the continued resurgence of Britain's economy. Finance minister George Osborne said this month that he was giving a new remit to the Bank of England's Financial Policy Committee that stressed the importance of banks lending for productive investment. ...
Martin Wheatley still has 'unfinished business' at financial regulator FCA image
Source : Independent [Read Article] Thursday 23rd of July 2015 12:25:52 AM
...."Bankers influence politicians and politicians influence regulators. Often the difference between effective and ineffective regulation is the courage of the regulator to resist these pressures,” said Robert Jenkins, a former member of the Bank of England’s Financial Policy Committee. ...
George Osborne: we will not backtrack on ring fence rules image
Source : Telegraph [Read Article] Tuesday 21st of July 2015 11:03:57 PM
.... . However, Martin Taylor, the former chief executive of Barclays and a member of the Bank’s Financial Policy Committee (FPC), said in May that the “increasingly shrill voices” calling for a softer stance from watchdogs were “wrong”. ...
Top City watchdog Martin Wheatley is forced out by the Chancellor image
Source : Independent [Read Article] Friday 17th of July 2015 10:52:56 PM
....”. Robert Jenkins, a former member of  the Bank of England’s Financial Policy Committee praised Mr Wheatley for “walking the talk” when it came to cleaning up the financial sector. ...
Investors beware: Raising interest rates could still come as a shock image
Source : Telegraph [Read Article] Sunday 12th of July 2015 06:54:17 PM
.... . Equally, some people argue that with the advent of the Financial Policy Committee and its new armoury of policy instruments, interest rates are not required, any more, to do all the job. ...
Budget 2015: George Osborne's speech in full image
Source : Telegraph [Read Article] Wednesday 8th of July 2015 12:45:59 PM
.... . The new remit I am issuing today for the Financial Policy Committee highlights the importance of productive investment, innovation and competition in finance. ...
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Source : Reuters [Read Article] Wednesday 8th of July 2015 08:39:39 AM
.... The Bank of England has asked its staff to look at tools that could be used to regulate buy-to-let mortgage lending, ahead of a government review into whether to give the BoE formal powers over the sector. A record of a June 24 meeting of the BoE's Financial Policy Committee published on Wednesday asked staff to gather evidence for the government consultation later this year, and to look at what action the BoE could take before gaining further formal powers. ...
Source : Independent [Read Article] Friday 3rd of July 2015 12:16:20 AM
....”. The Bank of England’s Financial Policy Committee took action last year to limit the number of mortgages with high income multiples that can be underwritten by banks in each quarter. ...
.... “Looser lending standards in the buy-to-let sector could contribute to general house price increases and a broader increase in household indebtedness. ” The Financial Policy Committee also stated buy-to-let borrowers are more likely than owner-occupiers to have interest-only mortgages or to have floating rates, they are “potentially more vulnerable” to any interest rate rises. ...
Mark Carney failed to consult Bank of England experts over RBS image
Source : Independent [Read Article] Thursday 18th of June 2015 12:31:31 AM
.... This was presented as the considered view of the Bank as an institution – and Mr Osborne cited the Governor’s letter at last week’s Mansion House dinner as a strong reason to begin sales now. But The Independent understands the question of RBS’s early sale was not formally discussed by the Bank’s full Financial Policy Committee or the Prudential Regulation Authority board (which include independent external members) despite these committees being charged, respectively, with safeguarding financial stability and facilitating banking competition. ...
Source : Reuters [Read Article] Wednesday 17th of June 2015 08:35:52 AM
....The MPC also said that some mortgage rates had hit a record low. "In this context, the Committee noted that the tools available to the Bank's Financial Policy Committee and other regulators were the first line of defence against any financial stability risks that might arise in the housing market," the minutes said. ...
Financial sector bosses warn of dangers in new regulations image
Source : Independent [Read Article] Monday 18th of May 2015 10:55:54 PM
.... The theory is that the new tools will allow regulators to curb the build-up of risk in the financial system without crushing growth through a hike in interest rates across the economy. The Bank of England’s Financial Policy Committee imposed specific measures to dampen Britain’s mortgage market last year, limiting the number of high loan-to-income mortgages that banks can underwrite each quarter. ...
Liquidity drought could spark market bloodbath, warns IIF image
Source : Telegraph [Read Article] Monday 4th of May 2015 05:41:03 PM
.... . Dame Clara Furse, an external member of the Bank of England's Financial Policy Committee (FPC), which is in charge of financial stability, said in February that liquidity in some markets had "become more fragile", which could result in "unforeseen consequences" for markets. ...
Post-election financial panic? We’ve heard that one before image
Source : Independent [Read Article] Tuesday 14th of April 2015 07:29:21 AM
.... If we are in a world secular stagnation – as some fear – then the value of UK equities looks due for a correction; future earnings may not justify those share prices. And the country’s large current account does represent, as the Bank of England’s Financial Policy Committee recently noted, a potential source of vulnerability. ...
Why the UK's 'other deficit' has economists scared image
Source : Telegraph [Read Article] Monday 13th of April 2015 04:36:44 PM
.... Pessimists worry that the country is not paying its way in the world and that any number of financial shocks could hit the pound and lead to much higher inflation in the UK. Last month the Bank of England’s Financial Policy Committee – responsible for fending off threats to financial stability – put the current account at the top of its list of “domestic risks”. ...
Risky mortgages are back on the rise image
Source : Telegraph [Read Article] Wednesday 8th of April 2015 02:18:03 PM
.... . Housing remains one of the biggest domestic risks to financial stability according to Mark Carney, the Bank’s governor, although minutes from the Bank’s recent Financial Policy Committee meeting say that these risks have not increased recently. ...
Bank of England warns on Britain's payments deficit image
Source : Telegraph [Read Article] Tuesday 7th of April 2015 09:55:56 AM
.... . Minutes of the Bank's recent Financial Policy Committee meeting, published on Tuesday, showed that the FPC discussed potential risks from the UK's record overseas payments deficit. ...

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