Inflation expected to pass 11%
The buy-to-let market has avoided Mark Carney's four and half times income multiple cap but the Bank warned the sector it will not escape its scrutiny.
The Financial Policy Committee's power to influence the interest rate stress test in an applicant's affordability assessment will be added to the mortgage rules following a consultation.
The Bank of England (BoE) has named Sir John Cunliffe, currently the UK Permanent Representative to the European Union, as deputy governor for financial stability, replacing Paul Tucker.
Five major high street banks and building societies have agreed plans to plug an aggregate capital shortfall which at the beginning of the year stood at £27bn, the Prudential Regulation Authority (PRA) has announced.
MPs have questioned the fitness of former London Stock Exchange chief executive Clara Furse to sit on the Bank of England (BoE)'s new stability arm.
Andrew Bailey, the man who will take over Hector Sants' duties next month, has been appointed to the Bank of England's interim Financial Policy Committee (FPC).
Chancellor George Osborne should merge the incoming Financial Policy Committee (FPC) with the Monetary Policy Committee (MPC) to create a "single super-committee", it has been proposed.
The UK economy is perpetually subjected to shocks and pressures, rendering hopes of maintaining financial stability indefinitely "over-optimistic", Monetary Policy Committee (MPC) member Paul Fisher said last night.