BoE stability committee sets June date for first meet

The Bank of England's Financial Policy Committee (FPC) is to hold its first formal meeting on June 16.

Mervyn King, the Bank's governor and chair of the FPC, will also host a press conference on June 24 to coincide with the publication of the central bank's Financial Stability Report, published twice a year.

The Financial Policy Committee is tasked with identifying, monitoring, and taking action to remove or reduce systemic risk. At present it is an interim body, only becoming permanent when