Central banks ready to cooperate after Brexit result

LONDON - Central banks are ready to cooperate to support financial stability in the wake of Britain's vote to leave the European Union, the Bank for International Settlements said on Saturday. Central bankers gathered at the organization's global economy meeting in Switzerland discussed the implications of the referendum. "Governors endorsed the contingency measures put in place by the Bank of England and emphasized the preparedness of central banks to support the proper functioning of financial markets," said Agustín Carstens, chairman of the global economy meeting. "Central banks will carefully monitor market functioning and stability, and cooperate closely.” -Reuters