UK Treasury fleshes out new regulatory set-up

A HM Treasury sign

The Bank of England-dominated Financial Policy Committee (FPC), which will be tasked with macroprudential oversight, will be able to issue public stability warnings and make recommendations to the Bank and the Treasury, under proposals put forth by the UK government Thursday.

The body, to which four external members were named on Thursday, would have four policy levers, the Treasury said in a 113-page consultation, covering all aspects of the UK's new regulatory architecture. The first of these

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