On June 4, the Bank of England (BoE) published its annual report for 2013. The BoE's priorities for 2013/14 relating to financial stability include:
- Maintaining the stability and improving the resilience of the financial system by continuing to develop EU and UK resolution regimes through a bail-in tool and through financial institutions' recovery and resolution plans.
- Delivering macroprudential policy, through the Financial Policy Committee (FPC), which involves influencing the international framework for macroprudential regulation, including through the European Systemic Risk Board (ESRB).
- Integrating microprudential supervision into the BoE.
- Influencing and implementing policy to advance the objectives of the PRA. Annual Report.