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 and The Tripartite Standing Committee: Meetings and Publications describes the workings of the Committee and relevant publications. The UK Authorities are also signatories to a European Memorandum of Understanding on communication and co-operation in cross-border financial crises, agreed in April 2008.
Tackling the financial crisis
The global financial crisis has seen the UK Government take unprecedented action to prevent collapse in the financial markets and support the broader economy.
Documents and publications relevant to financial stability can be found below.
Financial Services index
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