Banks should therefore include this topic in their contingency plans. And finally, banks should assess what Brexit means for their recovery plans. After all, it could 3/6  BIS central bankers' speeches  raise barriers and make certain recovery options less feasible. But Brexit is not just something the banks have to think about. It also raises a lot of questions for us supervisors.
And right from the start, we have worked hard to answer all these questions and map out our approach to Brexit. We have to think about cross-border banking groups, for instance. In the wake of Brexit, new banks will be set up in the euro area.