Contributor(s): Richard Sharp | Recently created, the Financial Policy Committee is novel and has been in existence for a year. Why was the FPC created and how has macro prudential policy developed? What are the challenges facing the committee in addressing uncertainty and evaluating data to support its policy decisions and what are its priorities? How does the FPC address its dual mandate and evaluate the costs of its actions. Richard will discuss his experience of being an external member of one of the most powerful committees in the country. Richard is an external member of the Financial Policy Committee of the Bank of England. Richard was appointed as part of the establishment of the FPC in April 2013. He has approximately 30 years’ experience in Banking. Having studied at Oxford he joined JP Morgan where he was involved in the inception of JP Morgan’s first capital markets, derivatives and operations. He subsequently joined Goldman Sachs and was one of the founding partners of their European operations. Richard has had a broad based career at Goldman having headed; capital markets businesses, primary fixed income, investment banking and private equity and principal investing. Having left Goldman in 2007 Richard is chief executive of DII Capital a privately held investment company. Credits: Tom Sturdy (Audio Post-Production).