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Version date: 8 October 2021 - onwards

3 FPC consultation: Feedback to responses

3.1 The FPC has considered the responses received to its consultation. Although a number of responses focused on the FPC direction alone, some of them raised matters concerning the detail of the PRA's implementation of the direction. Consequently, the PRA has also considered them and set out its feedback where relevant (see Part 2). This chapter sets out the FPC's feedback to the responses relating to the FPC direction and/or recommendation, and its final decisions.

3.2 The FPC's feedback to the consultation responses, and its final decisions, are grouped into the following categories, aligned with CP14/21:

general responses;

scope and level of application;

central bank claims exclusion; and

capital buffers and capital quality.

3.3 This chapter also forms part of the record of the FPC's meeting on 23 September 2021 (for the purposes of section 9U of the Bank of England Act 1998), specifically the part of the meeting where the committee carefully considered the responses

Comparing proposed amendment...