BoE has published a statement from the meeting of the Financial Policy Committee (FPC) held on 23 March. FPC assessed the outlook for financial stability in the UK and deemed that it had deteriorated since the last assessment in November 2015. FPC has decided to increase the UK countercyclical capital buffer rate from 0% to 0.5% of risk-weighted assets, binding from 29 March 2017. FPC also plans to publish an assessment of possible opportunities for enhancing sustainable liquidity without compromising underlying resilience this year and noted that the risks to financial stability could increase during any period of uncertainty following the EU referendum in June. (Source: BoE releases FPC policy meeting statement)