LORDS

Bank of England Deputy Governors questioned on financial stability

10 February 2016

Bank of England Deputy Governors, Sir Jon Cunliffe and Andrew Bailey, give evidence to the EU Financial Affairs Sub-Committee with an emphasis on financial stability and the role of banks in the EU.  

Witnesses

Thursday 11 February in Committee Room 4, Palace of Westminster

At 11.30am

  • Sir Jon Cunliffe, Deputy Governor for Financial Stability, Bank of England
  • Andrew Bailey, Chief Executive of the PRA and Deputy Governor for Prudential Regulation, Bank of England 

Possible questions

The witnesses are likely to answer questions on the following areas:

  • The Five Presidents' Report and the actions introduced in the short term by the European Commission on 21 October
  • The role of the UK in the European Supervisory Risk Board (ESRB)
  • Potential implications of Banking Union for the UK
  • Possible consequences for the UK and the eurozone if Banking Union is not completed
  • The prospects of establishing a European Deposit Insurance Scheme and its potential impact on the banking sector in the UK and the eurozone
  • Potential benefits of Capital Markets Union for the UK
  • Possible impacts of more unified external representation of the euro area on the UK

Further information

Image: iStockphoto

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