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<p>The Financial Policy Committee (FPC) of the Bank of England was set up to identify,
monitor and take action to remove or reduce systemic risks with a view to protecting
and enhancing the resilience of the UK financial system as part of the new financial
regulatory framework legislated for under The Financial Services Act 2012. Part of
the FPC’s remit includes the responsibility for assessing risks in the financial system,
including from the non-bank financial system. The FPC set out its most recent assessment
of financial stability risks from the non-bank financial sector in its 28th November
2018 Financial Stability Report.</p>
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