Conversely, there is broad agreement that resolution mechanisms to resolve financial intermediaries must be located outside central banks, most notably because resolution decisions may involve the use of public money.
Even if it would be appropriate for resolution and supervision to be separated, close cooperation and information sharing should  4  BIS central bankers’ speeches  be obviously in place, not the least to better identify proper forms of recovery, as in several cases the issue is not just one of outright bank liquidation.