Financial stability powers are sufficient, say most central banks

Two African central banks say they urgently need more powers over financial sector

Most central banks that responded to the Financial Stability Benchmarks 2021 said they have sufficient powers to deal with possible financial instability. 

Of the 31 respondents, 25, or 81%, said they felt the powers they had were sufficient. Another 13%, however, said they need more powers and a further 6% said they need more powers urgently.

The two central banks that said they need more powers urgently are in Africa. Of the four central banks that said they need more powers, but less

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