And of course, the national monitoring and assessment of risks by the People’s Bank of China and the Deutsche Bundesbank in their own countries remain the first and most important pool of information on financial stability.
This broad variety of institutions in evaluating financial stability raises the question, whether and to what extent there is a necessity for international cooperation in the communication of these assessments. Two different aspects have to be balanced in future discussions: Conflicting views and comments could confuse markets more than contribute to its  BIS central bankers’ speeches  1  stabilization.