In the City: How Stable Is the UK Financial System?

Leaders with Francine Lacqua

Bloomberg

Entrepreneurship, Careers, Management, Business

4.6 • 64 Ratings

🗓️ 3 December 2024

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s In the City, Nat Benjamin, executive director for financial stability strategy and risk and a member of the Financial Policy Committee at the Bank of England, joins hosts Francine Lacqua and Allegra Stratton to discuss the central bank’s latest financial stability report.

“The value of this exercise is to put the spotlight on these things in peacetime,” Benjamin explains. “So everyone gets prepared for when shocks happen.”

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Transcript

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1:01.8	Bloomberg Audio Studios. Podcasts, Radio News. So, Lager, we all know what the MPC is,
1:09.6	monetary policy committee at the Bank of England. Do you know what the FPC is, Monetary Policy Committee at the Bank of England.
1:11.7	Do you know what the FPC is?
1:13.4	Yeah, financial policy committee I now know.
1:16.8	But I am not surprised it exists.
1:19.2	And they look basically at the financial shocks that institutions could go through,
1:23.2	and they try and support them in understanding where the risks lie, but also how they can help with growth.
1:30.8	Yeah, I mean, it must be quite an exciting slash terrifying role to have to imagine the very worst shocks,
1:38.0	even worse than we've seen already that the banking system could endure.
	...

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