ISO 31000 and COSO–ERM remain central banks’ leading standards
Central banks from high income countries less likely to use COSO–ERM
Central banks participating in the Risk Management Benchmarks 2024 are most likely to employ two frameworks.
The most commonly used guideline among participants is the International Organization for Standardization’s ISO 31000. This is followed by the Committee of Sponsoring Organizations of the Treadway Commission enterprise risk management framework (COSO-ERM).
ISO 31000 is the most widely used standard by central banks regardless of their country’s income level. But central banks from high
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