Below are some of the key highlights from minutes of the latest Financial Policy Committee (FPC) meeting, held on June 19.
“¢ Brexit continues to pose a material risk to disruption to financial services.
“¢ Some members noted considerations that may challenge the adequacy of 1% counter-cyclical buffer (CCYB) rate.
“¢ Domestic risks besides Brexit remain standard overall.
“¢ Some emerging markets are at risk from tighter dollar funding.
“¢ Prepared to increase CCYB rate beyond the region of 1% were risks to develop beyond the standard range.
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