The Financial Stability Board (FSB) has published its peer review of the United Kingdom. The peer review covers three topics: macro-prudential policy framework, micro-prudential supervisory approach, and supervision and oversight of central counterparties (CCPs). The review also focuses on the steps taken to date by UK authorities to implement reforms in these areas. Overall, the FSB found that good progress had been made, with many of the reforms still ongoing. Future challenges for the United Kingdom include rolling out and integrating reforms, addressing execution risks and ensuring long term effectiveness of the reforms.