From Capital & Conflict (GBR) –
The countdown to Brexit continues. The Bank of England’s Financial Policy Committee (FPC) – the lesser known and lesser important cousin to the Monetary Policy Committee – released notes from its meeting on 23 March. They were revealing. How?
The FPC is planning for Brexit too. But its focus is not so much on providing liquidity in the banking sector during a financial crisis. It’s more focused on the long-term stability of the British financial system. Does the FPC think Brexit is a risk?