Sarah Breeden, who is currently the Bank’s Executive Director for Financial Stability Strategy and Risk [FSSR], has been appointed as Sir John Cunliffe’s successor as the Deputy Governor with responsibility for Financial [...]
The power of recommendation is one of the two key powers of the Financial Policy Committee. The working assumption of most FPC-watchers is that this power will be used in very specific [...]
One of the great innovations in financial stability policy worldwide over the past decade or so has been the development of an international standard approach to resolution policy for banks of systemic [...]
The failure of Silicon Valley Bank, and the ensuring contagion to other small US regional banks, have served as a forceful reminder of some of the fundamental risks that make banking a [...]
In this short blog, we highlight three sets of questions for policymakers on the Bank’s Financial Policy Committee ahead of their July FSR. Our questions are focused in three separate areas: • [...]
The most significant intervention in financial markets during the pandemic panic of 2020 came on March 23rd when the Federal Reserve announced it would buy ETFs. Although it was only one measure [...]
On 10 March, the US authorities closed Silicon Valley Bank (SVB) following massive deposit outflows from the bank the preceding day. The days and weeks that followed saw further bank failures, of [...]
There are not one, nor two, but three policy committees at the Bank of England. Their names describe their respective responsibilities: the Monetary Policy Committee (MPC), the Financial Policy Committee (FPC) and [...]
It has been argued that the institutional set-up for monetary and macroprudential policy in the UK is in need of reform (see Turner (2022) and Allen (2022)). Rather than having two policy [...]
The sharp reversal in the monetary policy stance in major advanced economies since the end of 2021 has had ripples far beyond their national borders. While the more than expected recent falls [...]
