Source · Select Committees · Work and Pensions Committee
Recommendation 6
6
Accepted
Paragraph: 72
FPC guidance protecting financial stability welcomed, awaiting Bank of England stress test results.
Conclusion
The objective of the latest Financial Policy Committee (FPC) guidance, to protect financial stability is welcome. We look forward to seeing the results of the Bank of England’s planned stress tests, made more pressing by recent rises in gilt yields.
Government response summary AI-generated
TPR will monitor LDI resilience using various data sources and is committed to becoming data-led by developing a Data, Digital and Technology Directorate, approving new digital services, and publishing a data and digital strategy by year-end.
Paragraph Reference:
72
Government Response
The government responded to this report on 20 November 2023. No passage in that response could be matched to this conclusion. Read the response document ↗