The Bank of Canada has realigned responsibilities and made a series of senior appointments in an effort to “hone its focus on a safe and sound financial system, reinforce research, and streamline management processes,” the central bank announced Monday.

The new structure creates more integrated lines of business, and will “build synergies needed to tackle complex policy issues inherent in the Bank’s mandate to contribute to rising living standards through low, stable and predictable inflation and a sound financial system,” the Bank of Canada said in a release.

The alignment positions the central bank to promote financial stability through better coordination between its economic and financial analysis and its market intelligence activities, it added.

It also strengthens the links between research and policy issues, the bank said.

“With the alignment of roles, the bank’s strong reputation for policy research will be complemented by more emphasis on long-term research, consistent with the findings of a recent external evaluation,” it explained.