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<p>The assessment of the effect of the decisions made by the Financial Policy Committee
(FPC) on the financial stability of the UK is a matter for the FPC. The government
established the independent FPC in 2013, giving the FPC a primary objective 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. The FPC comprises thirteen
members including the Governor and a non-voting member from HM Treasury (currently
the Second Permanent Secretary).</p><p> </p><p>Following its recent policy meeting
on 21 June, the FPC published the Financial Stability Report (FSR) on 27 June. The
FSR set out the FPC’s latest assessment of the outlook for financial stability in
the UK, as well as the actions that the FPC has deemed necessary to meet its objectives.</p><p>
</p><p>The Chancellor of the Exchequer is legally required to meet the Governor to
discuss the FSR and other matters relating to UK financial stability as appropriate,
as soon as possible after the publication of the FSR. HM Treasury will publish a record
of this meeting within 6 weeks of the meeting taking place.</p>
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