thumb|300px|UK bond rates In 2010, the incoming Chancellor announced his intention to merge the Financial Services Authority back into the bank. In 2011 an interim Financial Policy Committee (FPC) was created (as a mirror committee to the Monetary Policy Committee) to spearhead the bank's new mandate on financial stability. The Financial Services Act 2012 gave the bank additional functions and bodies, including an independent FPC, the Prudential Regulation Authority (PRA), and more powers to supervise financial market infrastructure providers. It also created the independent Financial Conduct Authority. These bodies are responsible for macroprudential regulation of all UK banks and insurance companies.
thumb|300px|UK bond rates In 2010 the incoming Chancellor announced his intention to merge the Financial Services Authority back into the bank. In 2011 an interim Financial Policy Committee (FPC) was created (as a mirror committee to the Monetary Policy Committee) to spearhead the bank's new mandate on financial stability The Financial Services Act 2012 gave the bank additional functions and bodies, including an independent FPC, the Prudential Regulation Authority (PRA), and more powers to supervise financial market infrastructure providers. It also created the independent Financial Conduct Authority. These bodies are responsible for macroprudential regulation of all UK banks and insurance companies.