Benchmark landing page

Global best practice for central banks

Central Banking’s Benchmarking Service is exclusively available to members of the Central Banking Institute. With data sourced directly from central banks, Benchmarks provide expert analysis, interactive data tools and subject matter specialist engagement on essential areas of central banking. Launched in September 2020, the service has covered Reserves, Currency, Economics, Corporate Services, Fintech & IT and Governance. A list of future Benchmarks can be found here.

To find out more about access or how to take part in one of the benchmarks please email [email protected]

About

Central Banking Institute

The Central Banking Institute is open to the world’s central banks on a membership basis. The CBI is built and tailored to better meet the needs of Central Banking’s growing audience. It comprises Benchmarking, Insight, and Professional Development.

Methodology

The Central Banking Institute’s Benchmarking Service draws on anonymous surveys of central banks. The surveys cover 12 areas: Communications, Corporate services, Currency, Economics, Financial stability, Governance, Monetary policy, Payments, Reserves, Risk management, Supervision, Technology. Benchmarking data is analysed in articles and an annual report, and powers a suite of interactive charts.

Contact

The Central Banking Institute is led by Michelle Godwin; Rachael King is head of Benchmarking. Contact details for them and the rest of the CBI team are here

Latest

Governance Benchmarks 2021 report – the frameworks that rule central banks

Benchmarking data offers insights on appointments, legal structures, powers, independence and more

07 Jun 2021

Governance

Many central banks have formal safeguards over firing governors

Benchmark respondents give details of how governors are appointed and dismissed

02 Jun 2021

Economic modelling

Financial sector still a headache for central bank modellers

Macro-financial links are difficult to integrate into key models. But some central banks are making breakthroughs

08 Jun 2021

Governance

Boards or committees tend to set monetary policy

01 Jun 2021

Governance

Governments often play role in appointing boards

28 May 2021

Chart — Benchmarking

Do you need an effective benchmarking method?

Then look no further. Our data is sourced directly from central banks and is relevant to key areas. All presented in interactive charts, so you can easily compare with peers.

17 Jun 2021

Start benchmarking

Ahead of the Curve

Policies adopted at central banks

Governance Benchmarks 2021 highlights few central banks have diversity or sustainability policies. There are signs that certain banks are starting to take these issues more seriously, though. In recent years, many central banks have felt the need to make it clear to the people they served that they were addressing key governance issues. Four of the most important issues were environmental sustainability, diversity among employees, professional ethics and the treatment of whistleblowers.

Read the full article