We took stock of the 4/7  BIS central bankers' speeches  clear commitment of European leaders to hold our monetary union together and make it more solid by establishing a banking union. And we made the OMT programme conditional on countries participating in an assistance programme with the European Stability Mechanism.
In the case of the UK’s vote to leave the EU, the situation was different, however. Various forecasts predicted severe market turbulence and macroeconomic fallout, so we had contingency plans in place for a range of outcomes. But as the slide illustrates, there were few signs of uncertainty in euro area financial markets in the run-up to the vote or after it.