Financial Stability Benchmarks 2021 report – executive summary
Findings on financial crime, banking stability, macro-prudential tools, decision-making and future risks
Preserving financial stability has always been a core task for all central banks. But how they carry out this task has changed significantly in recent years. The global financial crisis made it plain that central banks will always play a crucial role if financial institutions or markets begin to fail. Central bankers have seen both their responsibilities and their powers in this field increase significantly since the onset of the global financial crisis.
The era where many central banks were
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Almost all central banks run stress tests on lenders
Most respondents say they conduct tests more than once a year
Housing markets worry high income countries’ central banks
Middle income countries point to inflation and cyber crime as sources of risk
Most central banks say cross-border cyber co-operation is good
Respondents from upper-middle income countries most likely to say co-operation could improve
Most central banks report rise in cyber attacks
Majority say they co-operate well with other agencies on cyber risks
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Small minority of institutions face problems working with domestic or foreign partner agencies