The Bank of England's Financial Policy Committee (FPC) is focusing on private equity risks, maintaining a 2% capital buffer for major UK banks. They will publish assessments in June and conduct stress tests to ensure operational resilience. The FPC highlights that major UK banks are well-capitalized and have strong liquidity to support lending even in adverse conditions. The FPC also warns of potential falls in UK commercial real estate prices due to reductions in overseas finance. UK businesses and homeowners are deemed resilient to high interest rates, and the FPC will analyze subdued UK banks' valuation indicators and report back in June. The FPC is set to undertake a cyber stress test of financial firms to identify operational resilience gaps.