The share of central banks with defined project risk and delegated risk metrics declined in the Risk Management Benchmarks 2023 versus the previous year. By contrast, the proportion of institutions with defined institutional risk appetite edged higher compared with the 2022 benchmarks.

Of the 30 institutions that provided data on their defined risk metrics for project risk appetite, one-third of respondents have key risk metrics for project risk, lower than the 38% last year, although the 2023