Staffing
ECB to review staff wages after union protest
Central bank will formally review pay after works council rejects below-inflation rise
Governance Benchmarks 2023 report – the frameworks that underpin central banks
Data reveals differences in profits, appointments and policies among EMEs and advanced economies
Economics Benchmarks 2022 – executive summary
Key findings of the 2022 report, including model choices, governance structures and data use
Monetary Policy Benchmarks 2022 report – executive summary
Benchmarking data sheds light on some of the key aspects of central bank frameworks
People: Saudi Central Bank appoints two vice-governors
BIS names heads of key committees; senior officials quit US Office of the Comptroller of the Currency
Payments Benchmarks 2022 report – on the shores of a digital future
Benchmarking data offer insights on mandates, staffing structure, oversight of payment services, RTGS design and management, and CBDC development
Communications Benchmarks 2022 – executive summary
Key findings of the 2022 report, including the ongoing shift to social media and the impact of Covid-19
People: UK appoints Bank of England MPC member
India names two RBI executive directors; Chilean vice-president to chair Irving Fisher Committee
Risk Management Benchmarks 2022 – presentation
Central Banking’s Victor Mendez-Barreira on emerging risks, risk management departments and influential risk approaches
Central banks offer wide range of comms training courses
Many train communications staff in areas such as writing, public speaking and social media
Central bank comms staff earn $40,000 on average
Data shows wide disparity across institutions and income groups
Wide variation in comms staff numbers
Smallest communications team has just two members, and the largest over 100
Brazilian central bank strike escalates
Staff now out indefinitely, interfering with Pix and economic statistics
Governors are rarely dismissed early
Most jurisdictions have the power to dismiss central bank governors, but rarely use it
Economics Benchmarks 2021 – presentation
Central Banking’s economics subject matter specialist Daniel Hinge on economics governance, modelling, forecasts and research
Governor salaries range as high as $1 million
Base pay tends to rise with GDP per capita, but there is wide variation, benchmark data shows
People: Sarb appoints new Prudential Authority chief
New Malaysian assistant governor to take office in April, and RBNZ hires chief economist
Riksbank activates wartime deployment for permanent staff
Swedish central bank aims to maintain key operations in an “increased level of preparedness”
Many central banks have a fintech strategy
Over half of respondents have a dedicated fintech team
SQL, Python and R top requirements for data scientists
Other staff may perform similar data analysis tasks
Data quality and staff skills are greatest AI challenges – benchmark respondents
Privacy and algorithmic fairness are also concerns
Problem of recruiting and retaining fintech talent persists
Salaries a key issue alongside skill set attainment
Diego Labat on policy normalisation, capital flows and tech challenges
Uruguay governor speaks about financialisation, flexible rates vs controls, payment upgrades and CBDCs
Risk management salaries tend to increase with team size
Median salary among respondents was $30,000