The Financial Policy Committee (FPC) works to ensure the UK has a stable financial system. This means households and businesses can make payments, manage their savings, borrow money, and guard against risks. A stable financial system can withstand shocks rather than amplify them. The FPC identifies vulnerabilities and acts to build the resilience of the system. Recent weeks have seen several overseas banks fail or come under severe stress. Banks’ share prices fell across the world and investors became more cautious. The FPC is monitoring these events and the potential impact on UK banks and financial stability. UK ... (full story)