Articles by Central Banking staff
Asset manager: BNP Paribas Asset Management
The financial institution has helped clients to diversify their portfolios, boost returns and adopt ESG strategies during the second year of Covid-19
Majority of central banks do not issue fintech licences
Lower-middle income jurisdictions more likely to issue licences than richer nations
Many central banks have a fintech strategy
Over half of respondents have a dedicated fintech team
Privacy and security are greatest cloud concerns
New computing options and work practice flexibility top benefits
SQL, Python and R top requirements for data scientists
Other staff may perform similar data analysis tasks
Data quality and staff skills are greatest AI challenges – benchmark respondents
Privacy and algorithmic fairness are also concerns
Half of fintech benchmarks respondents use AI/ML tools
Richer nations more likely to use artificial intelligence
Risk Management Benchmarks 2022 – executive summary
Insights on risk priorities among central banks and how they are changing
Problem of recruiting and retaining fintech talent persists
Salaries a key issue alongside skill set attainment
Cyber security rises as fintech research priority
Suptech overtakes regtech
Sandbox popularity rises at central banks
Trend looks set to continue
Machine learning and NLP top regtech tools
Micro-prudential reporting and risk assessment are main regtech applications
Efficient data reporting is main suptech driver
Resource constraints are the biggest challenge in developing a suptech strategy
Majority of central banks lack legal authority to issue CBDC
Technical CBDC design has legal implications
Payments efficiency is driving force behind many CBDCs
Inclusion, financial stability and monetary policy are also leading factors
Two-thirds of central banks have a centralised risk unit
Central banks with a centralised risk unit tend to use KRIs
Risk management salaries tend to increase with team size
Median salary among respondents was $30,000
Currency Benchmarks 2021 – presentation
Central Banking’s currency subject matter specialist Rachael King speaks with Chris Jeffery about circulation, impact of Covid-19, forecasting, costs and resourcing, security and design, sustainability, and more
Responsibilities and risk management changed at 43% of central banks
Responsibilities modified over last two years required parallel developments in risk management
Minority of central banks define project risk appetite
Institutional risk and delegated risk appetites defined more often
Financial risk most staffed function
Risk management team sizes vary considerably between central banks
Over half of central banks have a chief risk officer
Most have a risk management committee
Minority of central banks use GRC platforms
RSA Archer and SAP named as providers
ISO 31000, COSO-ERM are influential risk management approaches
IOWRG, Basel and NIST also used by central banks