Many central banks are sole macro-pru agency
Two-thirds of respondents say central bank alone can impose macro-pru restrictions
Central banks are very often their country’s leading macro-prudential authority, the institutions that responded to the Financial Stability Benchmarks 2021 said.
Among 20 respondents from emerging market economies that provided data to this question, 80% said the central bank alone has powers to impose macro-prudential restrictions. Among 11 advanced economies, this fell to 55%.
Of the 33 that responded, 31 said the law enables them, or another official body, to impose macro-prudential
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