Select committee inquiry
Macroprudential tools
Closed
What the inquiry looked at
“The Financial Services Bill proposes giving the FPC powers of direction over the Financial Conduct Authority and the Prudential Regulation Authority and the power to make recommendations to a wide range of parties. Taken together, these powers of direction and recommendation constitute the FPC’s ‘macroprudential tools’. The interim FPC of the Bank of England recently published its advice to the Treasury about the powers of direction it should have. These were: the countercyclical capital buffer; sectoral capital requirements; a leverage ratio. Further details can be found in the terms of reference below for the Committee's inquiry. Written evidence received (PDF 1.78MB)”
The committee's words, from the inquiry page on parliament.uk ↗.