Financial Stability
Contact us
For queries and comments on Business Continuity please email the BC Team
For all other Financial Stability issues please email our Financial Stability team
See also
Memorandum of understanding between HM Treasury, the Bank of England and the Financial Services Authority.
Memorandum of understanding on cooperation between the financial supervisory authorities, central banks and finance ministries of the European Union on Cross-Border financial stability.
What we do
A stable financial system is essential if the FSA is to help maintain market confidence. Within the framework for cooperation in this area between HM Treasury (HMT), the Bank of England (BoE) and the FSA, the FSA has roles and responsibilities for financial stability. Its financial stability sectoral team, under the leadership of David Strachan, aims to ensure an effective FSA contribution in three broad areas:
- to develop the robustness of the financial system over the longer term by making improvements, where feasible, to the system and its infrastructure;
- to ensure that the FSA identifies, effectively prioritises and addresses the main current risks to financial stability, using its resources effectively; and
- to further improve the ability of the FSA and other authorities' to deal with any future financial crisis.
The main elements of the sector team's work here are:
- to improve the effectiveness and coherence of the financial stability work done across the FSA;
- to represent the FSA, and present its position, on financial stability matters; and
- to ensure that its staff are adequately equipped and trained in this area.
If you have any queries or comments, please email us at finstabsector@fsa.gov.uk
In this work, the Financial Stability sector team is closely linked with the Business Continuity Planning sectoral team.
Financial Stability, Business Continuity
Our objectives are to:
- promote good Business Continuity Management (BCM) practice in regulated entities;
- strengthen the Tripartite (FSA/HMT/BoE) arrangement for managing major operation disruption by contributing to the Tripartite Standing Committee;
- to raise awareness and understanding of BCM issues within the FSA;
- manage the FSA Business Continuity Database for major firms;
- contribute to the Tripartite website; and
- hold regular meetings with firms, trade bodies and overseas regulators.
If you have any queries or comments, please email us at BCM@fsa.gov.uk