The Financial Policy Committee has published its outlook for financial stability, which it has assessed by identifying the risks faced by the financial system, and weighing these against the resilience of the system. The FPC judges that the outlook for financial stability in the UK has deteriorated since it last met in November 2015 in that some pre-existing risks have crystallised, while other risks stemming from the global environment have increased. The FPC is undertaking a review of whether there are any possible refinements to internationally agreed post-crisis regulations that could further promote market effectiveness without compromising the resilience of the core of the financial system. It intends to publish its assessment later on in 2016.