Much of the work that central banks and supervisors are undertaking to render financial institutions and markets more resilient to liquidity shocks is interrelated and offers therefore scope for mutual cooperation. I will give just one example referring to a topic I mentioned already earlier, namely banks’ contingency funding plans.
While normally supervisors require banks to set up these plans, central banks should also have access to them as an element to be considered in the context of deciding on liquidity provision. The final area I would mention is crisis management. In this field, the FSF report makes also a number of recommendations that pertain to the cooperation between central banks and supervisors.