Lower income jurisdictions more likely to have sole regulator
Likelihood among respondents that central bank is only banking regulator declines as income rises
Just over half of central banks responding to the Financial Stability Benchmarks 2022 said they have the sole responsibility for regulating their countries’ banking sector.
Some 16 of the 31 central banks that answered a question on this subject, or 51.6%, said they were their jurisdiction’s sole banking supervisor.
Just under half of the institutions (48.4%), or 15 central banks said they do not solely regulate the sector in their countries.
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More on Benchmarking
Governance Benchmarks 2024 – model banks analysis
Additional breakdowns of the data reveal details of central bank powers, staffing and more
Governance Benchmarks 2024 report – central banks’ core processes
The benchmarks shed light on central bank profitability and distributions, independence and more
Central banks reveal top staffing constraints
Career progression limits, skills gaps and red tape identified as challenges
Most high income central banks lack formal recapitalisation agreements
Seven respondents report launching recapitalisation in past year
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Few institutions have arrangements with other parties or private shareholders
Two-thirds of central banks report profit in last fiscal year
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Central bank independence usually safeguarded by law
But one in 10 respondents see their autonomy threatened
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