Latest benchmarking
Financial Stability Benchmarks 2024 report – seeking sounder banks
Well over a decade on from the global financial crisis, banking regulation is still a work in progress in many jurisdictions. Benchmark data shows that nearly 60% of central banks say their country needs additional banking regulations. Worsening this challenge, a large proportion of central banks report inadequate staffing (38.7% of respondents) or inadequate budgets (33.3%).
Portfolio managers make up largest share of reserve teams
Staff average annual earnings hover around $30,000 level
Financial Stability Benchmarks 2024 – model banks analysis
Further breakdowns of the data highlight patterns in governance, regulatory reform and cyber risk
Benchmarking
Cyber crime is central banks’ top financial instability risk
Upper-middle income countries more likely to be wary of foreign exchange crisis
Supra-national stress tests less common in middle income countries
Most central banks conduct stress tests of banks more than once a year
Model banks analysis – Monetary Policy 2024
Further breakdowns of the data reveal patterns in staffing, liquidity tools and transparency
Charts
Under review
All but one of the benchmark respondents conduct reviews of their monetary policy framework, but the frequency varies widely. Worldwide, 43.6% conduct the reviews on an ad hoc basis. Central banks in high and upper-middle income countries are more likely to conduct reviews every four years, or less frequently. Lower-middle and low income jurisdictions tend to review their frameworks more, often every year.
For the full breakdown, use the benchmarking service’s interactive charts to explore the data.
Reports
Financial Stability Benchmarks 2024 report – seeking sounder banks
Monetary Policy Benchmarks 2024 report – back to normality?
Payments Benchmarks 2024 report – towards tokenisation
Communications Benchmarks 2024 report – emerging trends
Governance Benchmarks 2024 report – central banks’ core processes
Fintech Benchmarks 2024 report – the promise and threat of AI
Risk Management Benchmarks 2024 report – tech and turbulence
Economics Benchmarks 2023 report – tentative steps on AI
Currency Benchmarks 2023 report – steady as they go
Reserve Benchmarks 2023 report – rebuilding buffers
Financial Stability Benchmarks 2023 report – how central banks confront risk
Monetary Policy Benchmarks 2023 report – navigating uncertainty
Benchmarks
Communications
Currency
Economics
Financial Stability
Fintech
Governance
Monetary Policy
Payments
Reserves
Risk Management
Financial Stability Benchmarks 2024 – executive summary
Key findings from the benchmark on regulatory reforms, cyber threats and resourcing constraints
Majority of central banks carry out cyber defence exercises
Respondents suggest ways to improve exercises’ effectiveness in building up resilience
Cyber attacks increased in most countries over past two years
Central banks want cyber experts, awareness campaigns and collaborations to mitigate risks
Central banks say co-operation on AML/CFT effective
But some still want improved data sharing, surveillance and relationships