Financial stability report from Mark Carney Governor (BoE)
The Bank of England Governor speaks on the financial stability report this morning, potentially laying out plans to deal with any issues that may arise as a result of the Brexit vote on 23 June.
Financial stability report July 2016. Governor’s opening remarks.
Today, I want to outline how the Financial Policy Committee (FPC) is ensuring that the financial system can dampen shocks and help firms and households to seize opportunities associated with the UK’s new relationships with Europe and the world.
The FPC’s efforts are part of a four part Bank of England plan:
First, to identify clearly the risks to financial stability and be straight with the British people about them;
Second, to build on series of measures taken over recent years that have increased the resilience of the financial system;
Third, to supplement this core strength with contingency measures implemented in the past few months to address immediate risks to financial stability;
Fourth, to take action to support jobs and growth during a period of heightened uncertainty.
To read the report in full click here