The list of challenges we face is long and includes fundamental issues such as lender-of-last-resort policies in the modern financial system, the role of central banks in the supervision of the financial sector, and the appropriate role of forward guidance in monetary policy communications. Those are the topics I will not discuss today.
Therefore, both the  4  BIS Review 40/2004  Oesterreichische Nationalbank as well as the Ministry of Finance have always kept close and good working relationships with the management and staff of the IFIs.