On 9 April 2025, the Financial Policy Committee (FPC) published a record of its meetings on 4 and 8 April 2025.

The record includes the following comments:

• The FPC has maintained the UK countercyclical capital buffer rate at 2%.
• The FPC agreed that shortening the UK securities settlement cycle to T+1 would bring financial stability benefits from reduced counterparty credit risk in financial markets. The FPC is supportive of the UK authorities continuing their dialogue with regulators in other markets, including the EU and Switzerland, which are pursuing similar changes.
• The global risk environment had deteriorated and uncertainty had intensified.