Articles by Central Banking staff
Vast majority of central banks taking action on climate risk
Nearly one in five banks reflect climate risk in reserves management and collateral eligibility
Risk management reviews are most common assessment method
Centralised teams are less likely to conduct external or management evaluations
Risk managers report increase in geopolitical and AI risks
But cyber incidents and security remain greatest risks for many central banks
UK’s Orange Book risk approach rarely used by central banks
Only three centralised risk management departments utilise principle
Risk Management Benchmarks 2026 Charts
Take a deep dive into the Risk Management Benchmarks charts, which have just been released for 2026.
Privacy and security seen as top AI risk
Most risk managers more relaxed about potential financial losses caused by AI
Benchmarks data reveals AI use gap in risk management
Central banks from the Americas are most concerned about deepfakes, data shows
Staff error is largest cause of op risk at central banks
Legacy systems tend to trigger most threats in jurisdictions with greater than average number of incidents
Op risk incidents average over 100 a year among central banks
Financial impact is risk managers’ strongest metric for gauging incidents’ severity
Phishing and ransomware are central banks’ main cyber threats
Teams widely use training, monitoring and privilege management to mitigate cyber threats
Just under half of risk departments are sufficiently staffed
Units with satisfied staffing levels earn below global average annual salary
Mitigation and reporting are leading components of risk strategy
Decentralised teams more likely to embed philosophy in divisional decision-making