Financial Stability Benchmarks 2023 – executive summary
Key findings of the 2023 benchmark, including resources, regulation, macro-pru, crime and future risk
Preserving financial stability has always been one of the most crucial of central banks’ tasks, and one of the most demanding. Central banks continue to face complex challenges to stability. Many countries are still beset by the rising inflation that began to surge after the easing of the Covid-19 pandemic. Some countries face problems with their exchange rates or their sovereign debt. Russia’s invasion of Ukraine and a wave of extreme weather events are exerting considerable pressure on global
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Financial Stability Benchmarks 2023 report – how central banks confront risk
Central banks discuss resources, regulating banks and non-banks, macro-pru, crime and future risk
Almost all central banks run stress tests on lenders
Most respondents say they conduct tests more than once a year
Housing markets worry high income countries’ central banks
Middle income countries point to inflation and cyber crime as sources of risk
Most central banks say cross-border cyber co-operation is good
Respondents from upper-middle income countries most likely to say co-operation could improve
Most central banks report rise in cyber attacks
Majority say they co-operate well with other agencies on cyber risks
Most central banks say AML/CFT co-operation is good
Small minority of institutions face problems working with domestic or foreign partner agencies
High income countries’ central banks more likely to say AML/CFT risks are rising
Majority of institutions from middle income countries say money laundering risks have not risen
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