4  BIS Review 144/2010  Longer term objectives Sound financial sector Beyond the crisis, the financial sector must become more resilient, the massive debt burden has to be eroded and new excesses in indebtedness must be prevented the financial, the private and public sector.
Communication between the central bank and other government agencies  Let me now turn to the importance of communication between the central bank and other government agencies. While most central banks enjoy independence from other branches of government, continuing coordination with other government agencies for macroeconomic policy formulation remains an imperative. Inter-agency arrangements should be in place to ensure consistent and coherent economic policies.