News release: “The recent financial crisis has raised important questions about the role of the central bank in financial stability policy and how the execution of such a function influences the central bank’s governance. Central bank governance and financial stability, a report released [June 14, 2011] by the Central Bank Governance Group, explores these questions. Produced by a study group of central bankers chaired by Stefan Ingves, Governor of the Sveriges Riksbank, the report explores the implications of the crisis for the financial stability mandates of central banks. The report focuses on the governance arrangements needed for the effective and sustainable conduct of core monetary policy functions in combination with an additional mandate to contribute to financial system stability.”