Risk Management Benchmarks 2022 report – assuming new responsibilities
Insights on risk priorities among central banks and how they are changing
View a printable version of this report in PDF format
Central banks were at the forefront of the policy response to the pandemic, and changed risk management practices are becoming an increasingly important element in their toolbox. Central Banking’s benchmark data shows that over the last year a majority of central banks (57%) modified their collateral policies, and close to 40% reduced haircuts on banks’ collateral.
Risk managers placed reputational risk as the most pressing concern for
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Financial risk teams have higher staffing ratio than other units
Cyber risk and other threats prompt greater staff allocation to sub-units
Financial risks report published across 75% of jurisdictions
Frequency of publications and levels of transparency vary across jurisdictions
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Respondents reported changes in risk approaches to the environment, and banking and insurance supervision
Risk management staff earn many multiples of per capita income
Risk managers paid more in richest jurisdictions but poorer countries still pay competitive wages