Most central banks cannot bring criminal charges against banks
But 87.5% of institutions report they can refer these charges to other public institutions
Most central banks worldwide lack the powers to bring criminal charges against the managers of banks and other financial institutions they believe are involved in economic misdemeanours. The Financial Stability Benchmarks 2021 found that just 33% of participating institutions had this capacity.
These anti-corruption tools are more prevalent among central banks in jurisdictions classified as high income by the World Bank. Overall, 38.4% of central banks in these countries reported they can bring
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