More macro-pru tools needed, say some central banks
Some benchmark respondents say they lack legal framework for macro-prudential powers
Over a third of central banks participating in the Financial Stability Benchmarks 2021 said they think they need more macro-prudential tools.
Of the 31 central banks that answered a question on this topic, 11 said they would benefit from having additional powers to reduce systemic risk.
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BEHIND THE DATA: “Systemic risk is a complex and evolving phenomenon” said one central banker in Europe. Their central bank regularly evaluates whether its macro-prudential powers are sufficient, and
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