Stanley Fischer praises BoE financial stability set-up as ‘leading model’
Fed vice-chair does not rule out leaning against wind
Federal Reserve vice-chair Stanley Fischer praised the institutional set-up at the Bank of England (BoE) today (June 1), describing it as a "leading model" of how a central bank can exercise its financial stability mandate.
In April 2013 a financial policy committee (FPC) was established within the BoE to identify, monitor and address systemic risks. It is a separate body from the monetary policy committee (MPC).
Addressing the International Monetary Conference in Toronto, Fischer acknowledged
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