text_body: --- DIVISION TITLE ---
  
  Financial Services Bill - Clause 3 - Bank of England's Financial Policy Committee - To Have Regard To Government Policy and Objectives
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to require the Bank of England's Financial Policy Committee to have regard to the government's economic policy and objectives for growth and employment when fulfilling its role contributing to UK financial stability.
  
  @ MP voted no against requiring the Bank of England's Financial Policy Committee to have regard to the government's economic policy and objectives for growth and employment when fulfilling its role contributing to UK financial stability.
  
  
  The majority of MPs voted against requiring the Bank of England's Financial Policy Committee to have regard to the government's economic policy and objectives for growth and employment when fulfilling its role contributing to UK financial stability.
  
  MPs were considering the Financial Services Bill[1]. The amendment rejected in this vote was:
  
  :Amendment proposed: 22, page 3, line 37, after âfunctionsâ, insertâ
  
  :âhaving regard to the economic policy of Her Majestyâs Government, including its objectives for growth and employmentâ.
  
  Hat it not been rejected this amendment would have taken effect on Clause 3 of the Bill and in particular an element titled ''Objectives of the Financial Policy Committee'', a committee of the court of directors of the Bank of England which the Bill provided for. The section the amendment would have affected stated:
  
  :The Financial Policy Committee is to exercise its functions with a view
  to contributing to the achievement by the Bank of the Financial Stability
  Objective.
  
  The responsibility of the committee is described in the clause as being "the identification of, monitoring of, and taking of action to remove or reduce, systemic risks with a view to protecting and enhancing the resilience of the UK financial system."
  
  ==
  
  * [1] [http://services.parliament.uk/bills/2012-13/financialservices.html Parliament's webpage on the Financial Services Bill (now an Act)]
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  