01913cas a2200241 a 4500 AALejournalIMF016854 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475574920 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. United Kingdom : Financial Sector Assessment Program-Macroprudential Institutional Framework-Technical Note. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (38 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews the institutional framework for the conduct of macroprudential policy in the United Kingdom and the steps taken by the authorities to make the macroprudential framework operational. An effective macroprudential framework is crucial for the U.K. financial system to remain a global public good, given its size and systemic nature. The paper reviews how the institutional setup promotes the willingness to act, ability to act, effective cooperation, and accountability. A strong institutional framework is essential to ensure that macroprudential policy can work effectively. This review is also focused on the authorities' processes for monitoring systemic risk (including beyond the core financial system), data gaps, and the U.K. macroprudential toolkit. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/160 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/160/002.2016.issue-160-en.xml IMF e-Library