Central banks take different routes to financial stability

Some give ultimate authority to governors but others use committees

Governors alone have final authority on financial stability decisions relating to the central banks’ mandate at a fifth of the central banks that replied to Central Banking’s governance survey. 

Decisions are made by a financial stability committee headed by the governor at around 10% of banks. 

A quarter said an internal board has final authority. Meanwhile, 15% said decisions are made by an external board and 27% said financial stability decisions are governed in another way.

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