Most heads of risk management units report to governor or board

Risk management committees are more likely to exist in central banks than chief risk officers

The majority of risk management heads report to either the governor or the board of their central bank, the Risk Management Benchmarks 2023 reveals. 

The section generated answers from 33 participants. Ten (30.3%) central banks say their heads of risk management report to the governor. Another ten (30.3%) say reports are directed to the board. Six (18.2%) respondents select deputy/vice-governor, but the unit heads in seven (21.2%) jurisdictions report to other executives. 

Most central banks also

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