Macroprudential Measures Committee 

The Macroprudential Measures Committee advises on the regular review of bank-related national macroprudential measures and makes recommendations about revisions to these rules.

In recent times, several macroprudential measures have been activated via the banking system. These include: borrower-based measures (BBMs) such as mortgage rules; the counter-cyclical capital buffer (CCyB); other systemically important institution (O-SII) buffer; and reciprocation of foreign macroprudential policies. These matters fall within the MMC's advisory competency though, for some, the decision-making power lies with other Central Bank bodies.

The establishment of the committee was announced by Governor Lane on 2 August 2016.

Following the creation of the Financial Stability Directorate of the membership of the MMC has been updated to include the Director of Financial Stability. 

The membership of the MMC is:

• Governor
• Deputy Governor (Central Banking)
• Deputy Governor (Prudential Regulation)
• Director of Financial Stability
• Chief Economist
• Director of Credit Institutions Supervision
• Secretary - Head of Financial Stability

Terms of reference

Records of meetings