Central bank leaders draw on collective experience through discussion in such diverse international forums as the Bank for International Settlements (BIS), Group of Twenty (G-20), and CEMLA. CEMLA is an excellent example of what can be achieved by central bank cooperation through such means as courses and seminars, international meetings, technical assistance, publication of research studies, and exchange programs.
Cooperation in areas of supervision and regulation Central banks around the globe have focused not just on responding to the crisis, but also on working to minimize the risk of future crises by improving the soundness and stability of the financial sector. Indeed, the global financial crisis has underscored the importance of the financial stability objective of central banks.