BIS media statement on the outcome of the EU referendum in the United Kingdom

24 June 2016

The BIS stated that there is likely to be a period of uncertainty and adjustment, but with good cooperation at a global level, members are confident that uncertainty can be contained and that adjustments proceed as smoothly as possible.

The outcome of the EU referendum in the United Kingdom has resulted in high volatility in markets. Extensive contingency plans by the private sector and central banks have been put in place to limit disturbances in financial markets. Stronger capital and liquidity buffers in the private sector have also made financial systems more resilient. Central banks have already communicated that they are closely monitoring the situation and stand ready to take the necessary actions to ensure orderly market functioning.

Full press release

Statement from Agustín Carstens, Chairman of the Global Economy Meeting, on the implications of the EU referendum in the United Kingdom

After today's Global Economy Meeting (GEM)1, which took place on the occasion of the BIS Annual General Meeting, Agustín Carstens, Chairman of the GEM, made the following statement:

"Central bank Governors at today's GEM discussed the implications of the EU referendum in the United Kingdom.

Governors endorsed the contingency measures put in place by the Bank of England and emphasised the preparedness of central banks to support the proper functioning of financial markets.

 

Central banks will carefully monitor market functioning and stability, and cooperate closely."

Full press release

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