D.  The role of the BIS in crisis management It has been analytically convenient above to deal separately with the three major  components of the international financial system and the BIS committees which support each. This approach also emphasises the comprehensive reach of the Committees’ concerns.
However, a deficiency of this approach is that it fails to emphasise the relationships between the various components of the system, as well as the further links to macroeconomic variables of interest to central bankers.