The Memorandum of Understanding (MoU) on cooperation on cross-border financial stability includes appropriate provisions on the cooperation between central banks and banking supervisors, for example when assessing the potential systemic implications of a financial crisis or when emergency liquidity assistance will be provided to a cross-border financial group.
A second important reinforcement will come from the scheduled changes to the Capital Requirements Directive, which include several aspects relating to the cooperation  4  BIS Review 108/2008  and exchange of information between central banks and banking supervisory authorities also in crisis situations. Concluding remarks Ladies and gentlemen, let me conclude.