BoE governor says FPC ‘experiment' will need public acceptance

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The governor of the Bank of England today (January 15) insisted the UK central bank's new Financial Policy Committee (FPC) would not have "one hand tied behind its back", but rather that its judgement on how to maintain financial stability would take precedence over government economic policy.

The Bank yesterday published a draft policy statement on the FPC's powers to supplement capital requirements. The aim is for the Bank to have macro-prudential tools to enable it to prevent or limit a finan

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