01.02.201700:46:00UTC+00Britain, EU may have to map out plan for central bank links after Brexit

A European Central Bank official stressed the European Union and Britain may need to come up with a plan aimed at ensuring cooperation among central banks following Brexit.

ECB policymaker Philip Lane, who also governs the central bank of Ireland, said Tuesday it is necessary to have bilateral and multilateral partnership throughout primary central banks in order to attain security.

As of present, central banks in the region collaborated more on financial soundness than was possible through Bank of International Settlements and other related institutions. Lane said he hopes such an arrangement will remain following EU exit.

The ECB official did not tackle matters about monetary policy in his initial statements.