Indeed, the ECB's European Systemic Risk Board serves a function that is similar to the United Kingdom's new Financial Policy Committee (FPC).

事实上，欧洲央行的欧洲系统性风险委员会和英国的新财政政策委员会(FPC)职能相似。

youdao

Under this scenario, the Bank of England's monetary Policy Committee (MPC) would favor an increase in interest rates, while the FPC would want to loosen monetary conditions.

在这种情况下，英格兰银行货币政策委员会(MPC)将会倾向于提高利率，而FPC则希望放松银根。

youdao

But the FSA is soon to be replaced by the FPC, resulting in a system that aims to avoid an "underlap" of authority that leaves no one in charge.

但FSA很快被FPC所取代，建立了一个更好的体系以避免“叠床架屋”无人负责的局面。

youdao

Now the odd thing, which I didn't realise until recently, is quite how "Heath-Robinsonesque" the FPC's powers are.

BBC: UK banks 'still short of capital', says BoE

Since George Osborne has set up the FPC with independent authority to minimise the risks in the financial system, he would not find it easy to over-rule or ignore it on the first occasion it makes a big decision.

BBC: Will RBS sell Coutts?

The Bank's Financial Policy Committee (FPC) has concluded that they collectively need to raise more than the sums they have individually negotiated with the soon-to-be-closed Financial Services Authority (they have recently been agreeing measures with Andrew Bailey of the FSA to strengthen themselves - which is why, for example, Royal Bank of Scotland is shrinking its investment bank and floating off its US bank, Citizens).

BBC: UK banks 'still short of capital', says BoE