The Committee met on 8 December to agree its view on the outlook for financial stability and, on the basis of that, its intended policy action. It met subsequently on 15 December to agree its response to the results of the 2014 banking system stress test exercise, in light of the results that had been agreed by the PRA Board. The macroeconomic and financial environment 2 The Committee reviewed financial system and economic developments since its previous meeting, as set out more fully in the December 2014 Financial Stability Report (FSR). 3 In the Committee’s view, global risks to the outlook for financial stability ... (full story)