Its Financial Policy Committee (FPC) was established within the BOE to conduct macroprudential policy, while its Monetary Policy Committee (MPC) continues to engage in monetary policy. The FPC seems to be currently seeking  2  The Committee on the Global Financial System, “Operationalising the Selection and Application of Macroprudential Instruments,” CGFS Papers, No. 48, 2012.
In the domain of the information technology, we have evolved to a financial system in which greater part of the transactions that take place are made in real time, whereas by the beginning of 90’s, such transactions were made resorting to a telex and other primitive data transmission mechanisms. The nostro accounts management improved after our adherence to SWIFT by 1995.