Actually, though, these exceptional financial injections into banks are smaller than the rest of the government deficit in 2009–10. Just as expansive credit conditions filled the  BIS Review 119/2010  3  coffers in the good years, so the unwinding of an unsustainable domestic boom is draining the coffers in much the same way and to a similar magnitude.
This collaboration, recently formalised in a Memorandum of Understanding signed jointly between the Bank and the FSC, predates the FSC, and was reflected in links between the earlier regulatory bodies.