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Geupload op: 12 juli 2010
Geupload op: 12 juli 2010
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bank of england stability report 06-2010
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The Bank of England has two core purposes ?¢‚Ǩ‚Äù monetary stability and financial stability. The two are connected because serious disruption in the financial system can affect the implementation and effectiveness of monetary policy, while macroeconomic stability helps reduce risks to the stability of the
financial system. The Bank?¢‚Ǩ‚Ñ¢s responsibilities for monetary stability are set out in the Bank of England Act 1998. The Bank?¢‚Ǩ‚Ñ¢s current statutory responsibility for financial stability is set out in the Banking Act 2009.(1) The current
respective roles of the UK authorities ?¢‚Ǩ‚Äù HM Treasury (HMT), the Financial Services Authority (FSA) and the Bank of England ?¢‚Ǩ‚Äù are also set out in a Memorandum of Understanding (MoU).(2)
On 16 June, the Chancellor of the Exchequer set out a plan for fundamental changes to the system of UK financial regulation. These are summarised in a box on page 5 in this Report. The Report was largely prepared prior to the announcement of these changes.
financial system. The Bank?¢‚Ǩ‚Ñ¢s responsibilities for monetary stability are set out in the Bank of England Act 1998. The Bank?¢‚Ǩ‚Ñ¢s current statutory responsibility for financial stability is set out in the Banking Act 2009.(1) The current
respective roles of the UK authorities ?¢‚Ǩ‚Äù HM Treasury (HMT), the Financial Services Authority (FSA) and the Bank of England ?¢‚Ǩ‚Äù are also set out in a Memorandum of Understanding (MoU).(2)
On 16 June, the Chancellor of the Exchequer set out a plan for fundamental changes to the system of UK financial regulation. These are summarised in a box on page 5 in this Report. The Report was largely prepared prior to the announcement of these changes.
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