A quarter of central banks have insufficient financial stability powers

Some respondent institutions need new powers urgently

The responsibility to deal with financial instabilities in an economy often rests on the central bank, but a quarter of respondents to the Financial Stability Benchmarks 2022 said they need more powers to mitigate such risks.

Among the banks that said they lack sufficient powers, 37.5% said they need extra powers “urgently” while the remaining 62.5% said they required more powers, but less urgently.

The data is composed of 32 responses. Slightly above half (53%), or 17, central banks are from

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