The Financial Stability Division was established in a wide-ranging reorganisation of the Bank that came into effect on July 1, 2010, although it is yet to commence operations. When operational, it will be responsible for monitoring developments in money and capital markets and perform a coordinating role between the Bank and relevant external entities such as the Non-Bank Financial Institutions Regulatory Authority. The importance of having a well-developed infrastructure in this area has been underlined by recent global financial crisis which highlighted the need for the Bank to strengthen its capacity to monitor financial and economic developments that can impact on the overall stability of the financial system. 

More information on the Division will be provided once it becomes fully operational.