Financial Services Bill

29: After Clause 4, insert the following new Clause— "Bank of England’s financial stability objective After subsection (1) of section 2A of the Bank of England Act 1998, insert— "(1A) In considering that objective, the Bank must have regard to— (a) the economic and fiscal consequences for the United Kingdom of instability of the UK financial system; (b) the effects (if any) on the growth of the economy of the United Kingdom of anything done for the purpose of meeting that objective; and (c) the impact (if any) on the stability of the UK financial system of events or circumstances outside the United Kingdom (as well as in the United Kingdom).""