A global shock of this magnitude puts a premium on international cooperation. The BIS’s role as a global forum for central banks has never been as crucial. In recent months, we have kept up our roster of international meetings, replacing physical ones with virtual ones, and we have interacted with the central bank and regulatory community even more intensively than before. Meanwhile, our economic research has focused on current topics of interest for central banks, and more recently on how the pandemic is affecting the global financial system and the real economy. Our new publications are providing a timely analysis of fast-moving developments in financial markets, monetary policymaking and regulation.