On 27-29 June 2005, the BIS held its fourth Annual Conference on Past and Future of Central Bank Cooperation, as part of the Bank's 75th anniversary celebrations. The event brought together some 80 senior representatives of central banks, academic institutions and the private sector to exchange views on this topic. The conference was opened with addresses by Tommaso Padoa-Schioppa (former member of the Executive Board, ECB) and William White (Economic Adviser, BIS). It was closed with a Policy Panel discussion: "Reflections on the future of central bank cooperation". The panel discussion was chaired by the BIS General Manager Malcolm D Knight. The panellists were Andrew D Crockett (JP Morgan Chase), Jacques de Larosière (Paribas), Allan Meltzer (Carnegie Mellon University), Paul Volcker (International Accounting Standards Committee), and Yutaka Yamaguchi (former Deputy Governor, Bank of Japan). Their contributions are contained in this BIS Paper.