HM Treasury

Financial services

Council for Financial Stability

12 February 2010

The Council comprises the Chancellor of the Exchequer, who chairs the Council, the Governor of the Bank of England and the Chairman of the Financial Services Authority.  The Council is responsible for considering emerging risks to the financial stability of the UK and global financial system, and coordinating an appropriate response by the UK’s authorities.

In July 2009, the Chancellor announced plans to enhance the transparency and accountability of the UK’s financial regulatory system through the establishment of the Council for Financial Stability.  The Financial Services Bill currently before Parliament provides for the establishment of the Council in statute, including the requirement to publish minutes of its quarterly meetings.  The Government has moved to Council-style arrangements ahead of the passage of the Bill. 

Scheduling of Quarterly Minuted Meetings

Meeting

Report

Winter

Bank of England’s Financial Stability Report

Spring

FSA’s Financial Risk Outlook

Summer

Bank of England’s Financial Stability Report

Autumn

Council for Financial Stability Annual Report

The minutes of all quarterly meetings will be published within one month of the meeting.

Useful links

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