ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Yes, I understand this from the notes
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No, I don’t understand this from the notes
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No, I don’t understand this, as I have not read the notes
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None of the above
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Detailed explanation-1: -The Financial Policy Committee is responsible for contributing to the Bank’s financial stability objective by identifying and monitoring systemic threats to financial stability and taking action to reduce or remove those threats.
Detailed explanation-2: -The Prudential Regulation Authority (PRA) is a part of the Bank of England and responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms. It sets standards and supervises financial institutions at the level of the individual firm.
Detailed explanation-3: -HM Treasury is the government’s economic and finance ministry, maintaining control over public spending, setting the direction of the UK’s economic policy and working to achieve strong and sustainable economic growth.
Detailed explanation-4: -The FPC is a committee of the Bank of England (BoE) that is responsible for macro-prudential regulation in the UK. At present, the macro-prudential tools available to it are the countercyclical capital buffer (CCyB or CCB), the sectoral capital requirements (SCR), the leverage ratios and the housing markets tools.