4/5  BIS central bankers' speeches  To sum up: from the perspective of US banks and those from other third countries, Brexit will impact on how they can do business in the EU single market.
Close cooperation at the European and international levels is indispensable in order to supplement microprudential supervision with a systemic view. The  BIS Review 125/2010  1  establishment of the ESRB is an important step in the right direction. Now the challenge for its members is to make it a success. Thank you very much. 2  BIS Review 125/2010