With the uncertain global environment, and with Brexit looming, we should be ready to respond to any of these risks should they materialise. As a central bank, our mission is to serve the public interest by safeguarding monetary and financial stability and by working to ensure that the financial system operates in the best interests of consumers and the wider economy.
6  BIS central bankers’ speeches  For instance, Canada and the United States should consider the option of a bilateral agreement on the resolution of banks with cross-border operations in order to clarify responsibilities and enhance co-operation. 24 We have a long history of stable financial and economic integration, and U.S. financial institutions and legal frameworks are similar to ours.