The role of the Central Bank includes ensuring that the financial system is resilient to economic shocks like the one we now face and to act across our mandate to minimise the impact on households, businesses and communities as far as possible. A resilient financial system provides the foundations for protecting savers, borrowers, investors, insurance policyholders, and supporting economic growth and businesses.
The Central Bank works in many different ways to protect the resilience of the system, individual firms and consumers, including through: price stability and economic analysis; macro prudential rules; supervision and enforcement. An effective functioning financial system requires financial services firms to be well-regulated and supervised.