Fewer than half of central banks have a CRO
Risk management committees more popular, present in more than four-fifths of jurisdictions
The proportion of central banks with a chief risk officer (CRO) was 45% of those participating in Risk Management Benchmarks 2023 versus 55% in the preceding benchmark. Advanced economy central banks are the least likely to have a CRO.
While the percentage of institutions saying they had a CRO fell, the number of institutions with a risk management committee rose from 83% to 85%.
Thirty-three institutions responded to these two questions for the 2023 benchmarks, with some central banks not
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