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Formal meeting (oral evidence session): Bank of England Financial Stability Reports

Treasury Committee
Bank of England Financial Stability Reports

Monday 16 January 2023

Start times: 2:45pm (private) 3:00pm (public)

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Bank of England Governor gives evidence on UK financial stability

The Treasury Committee questions members of the Bank of England’s Financial Policy Committee, including Governor Andrew Bailey, on the latest Financial Stability Report (FSR).

Meeting details

At 3:00pm: Oral evidence
Work Bank of England Financial Stability Reports (Regular evidence sessions)
Governor at Bank of England
Deputy Governor for Prudential Regulation at Bank of England, and Chief Executive Officer at Prudential Regulation Authority
External Member at Financial Policy Committee
External Member at Financial Policy Committee

MPs are likely to explore the implications of the Government’s Edinburgh Reforms to financial services for the UK’s financial and prudential stability, including proposals for changes to the ring-fencing regime separating retail and investment banks, and to the accountability regime for senior managers.

Witnesses’ views are also likely to be sought on whether regulators, including the Bank’s Financial Policy Committee, failed to foresee the potential financial stability risk of liability-driven investment (LDI) funds in September 2022, and the lessons to be drawn.

The FSR notes that increased pressure on UK household finances is not expected to challenge the resilience of the UK banking system. MPs are likely to explore the financial stability implications of the rising cost of living, and how that may impact household and business borrowing.

Other likely topics for discussion include the current outlook for the UK’s international credibility with investors following the events of September and October 2022; the Government’s dropping of proposed ‘call-in’ powers over financial regulators; and plans for reform of Solvency II, which affects the regulation of insurance firms.


The Wilson Room, Portcullis House

How to attend