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<p>The independent Financial Policy Committee (FPC), established by the Government,
aims to ensure the UK financial system is resilient to, and prepared for, the wide
range of risks it could face — so that the system could support the real economy,
even in difficult conditions.</p><p> </p><p>The Bank of England continues to monitor
developments, and provided its latest assessment of the risks to financial stability
in the Financial Stability Report, published in November 2017.</p><p> </p><p>In addition,
the Financial Conduct Authority (FCA) has stated that it will continue to monitor
distributed ledger technology (DLT)-related market developments, working collaboratively
with industry, HM Treasury, the Bank of England, the Information Commissioner’s Office,
and other UK bodies to ensure a coordinated approach towards DLT in the UK.</p>
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