On June 4, the Bank of England (BoE) published its annual report for 2013. The BoE’s priorities for 2013/14 relating to financial stability include:
Maintaining the stability and improving the resilience of the financial system by continuing to develop EU and UK resolution regimes through a bail-in tool and through financial institutions’ recovery and resolution plans.
Delivering macroprudential policy, through the Financial Policy Committee (FPC), which involves influencing the international framework for macroprudential regulation, including through the European Systemic Risk Board (ESRB).
Integrating microprudential supervision into the BoE.
Influencing and implementing policy to advance the objectives of the PRA. Annual Report.