Jul
12

Housing tools revisited...

In a recent speech given at the Bank of Portugal, Sir Jon Cunliffe, Deputy Governor Financial Stability at the Bank of England, explained what the Bank has done to learn and to institutionalise some of the lessons of the financial crisis of 2008. He paid particular attention to the evolution of the new, statutory Committee of the Bank, the Financial Policy Committee (FPC) that was established in 2013 and charged with maintaining financial stability in the UK.

The speech explains the approach the bank has taken to manage the stability of the housing market. It's an interesting read for surveyors and valuers.

Read more here.