Institutional Structure of Macroprudential Policy in the UK

Dr. Kosmas Kaprinis works for the HSBC Group (London) and is an adjunct professor at IE University (Madrid). He completed a Masters and Doctorate in Law and Finance (Oxford) and a Masters in Public Policy (Harvard).

• Introduction.- The Crisis Impact on the UK Economy.- The Macroprudential Shift: A Policy Pillar in the Making.- The Political Economy of MPP: Delegation and Accountability.- FPC: The Institutional Framework.- Transparency Requirements of the FPC.- The NEDs as Guardians of Public Interest.- The Role of the Treasury Select Committee.- The Limits of Judicial Review as an Accountability Mechanism.- International Bodies as Extra-Legal Accountability Mechanisms.- Epilogue: The First Decade of the FPC.