Promoting financial stability is a key objective for HM Treasury. A stable and efficient financial sector is important in its own right. But financial stability is also a crucial factor for macroeconomic stability, and is vital to the efficient conduct of monetary policy. HM Treasury, the Bank of England and the Financial Services Authority (FSA) work together towards the common objective of financial stability. The document Financial Stability: Memorandum of Understanding sets out how these three organisations work together to meet this objective.
Documents and publications relevant to financial stability can be found below.