BIS 'confident' on post-Brexit markets

(ANSA) - Rome, June 24 - The central bank for central banks said Friday it is confident coordinated action will contain post-Brexit market volatility.
    "With good coordination on a global level, we are confident the (Brexit-induced) uncertainty that sparked high market volatility can be contained, and that the transition can proceed in the softest way possible," Bank for International Settlements (BIS) said in a statement ahead of the annual assembly of central bank governors at the weekend.
    "Central banks are ready to take the necessary measures to ensure the ordinary functioning of the markets," the statement said.
    Based in Basel, Switzerland, the BIS is owned by 60 central banks for which it acts as a counterparty and trustee.