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Press Release
Published June 25, 2016
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Statement from Agustín Carstens, chairman of the Global Economy Meeting, on the implications of the EU referendum in the United Kingdom

Date: June 25, 2016
Categories: Government Finance, Markets Exchanges, riskregulation, Transaction Banking
Keywords: BIS, Brexit, EU

After the 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."

Re-disseminated by The Asian Banker