- The Financial Policy Committee was set up on an interim basis last year, and is chaired by the Bank of England Governor.
- It is also the pillar of the new regulatory regime introduced by the coalition, which comes into force on April 1.
- The FPC will take the broadest overview of financial regulation in the UK and comprises a mixture of Bank of England staff and external experts.
- It will sit alongside the Prudential Regulation Authority and the Financial Conduct Authority.
Read more: How big is the "banking black hole"?