A committee of the Bank of England.

http://www.bankofengland.co.uk/financialstability/fpc/index.htm

The Financial Policy Committee (FPC) is an official committee of the Bank of England, modeled on the existing Monetary Policy Committee, that will be responsible for monitoring the UK economy, focusing on macro-economic and financial issues that may threaten long term growth prospects.

The Government envisages that the FPC will contribute to the Bank's financial stability objective by identifying, monitoring, and taking action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system. The interim FPC will undertake, as far as possible, the forthcoming statutory FPC's macro-prudential role. An important initial task will be to carry out preparatory work and analysis into potential macro-prudential tools. The Government's consultation document states that the interim FPC "...will play a key role in the development of the permanent body's toolkit by sharing its analysis and advice on macro-prudential instruments with the Treasury, to help inform the Government's proposals for the FPC's final macro-prudential toolkit".

No direct regulatory responsibility.

http://en.wikipedia.org/wiki/Financial_Conduct_Authority