Interim financial stability report [May 2020]
The primary objective of the Financial Policy Committee (FPC), a committee of the Bank of England, is to contribute to the Bank of England’s financial stability objective. It does this primarily by identifying, monitoring and taking action to remove or reduce systemic risks, with a view to protecting and enhancing the resilience of the UK financial system. Subject to that, it supports the economic policy of Her Majesty’s Government, including its objectives for growth and employment.
This interim Financial Stability Report (Report) sets out the FPC’s view of the performance of the financial system through the Covid-19-related disruption and outlook for UK financial stability, including its assessment of the resilience of the UK financial system. This Report is also the record of the judgements contained in the Report taken by the Financial Policy Committee at its meeting held on 5 May 2020.
Uses Understanding Society data (not Understanding Society - COVID-19 Study, 2020)