Financial stability benchmarks – the latest data and analysis
Financial stability
Financial Stability Benchmarks 2025 report – the threat from tariffs
Benchmarks highlight how many central banks see tariffs as a high risk to financial stability
The Financial Stability Benchmarks 2025 are released against a backdrop of heightened global trade tensions, as US president Donald Trump presses ahead with higher tariffs on countries around the world. Over 70% of benchmark respondents have conducted analysis of the stability effects of tariffs, and most have concluded that tariffs pose heightened risks for the financial sector. Higher tariffs are seen as the second-greatest risk factor for financial stability over the next year, behind cyber attacks.
Charts
AI in financial stability
Just over half of central banks now use artificial intelligence in their financial stability work. Most commonly, AI is deployed for document preparation work (at 37.2% of respondents). Less common applications are for anti-money laundering purposes and sentiment analysis.
Stress-test transparency: how much is too much?
The transparency drive to disclose bank stress-test results comes with costs
Schlegel: Liechtenstein is on its own for financial stability
SNB governor says principality’s lenders are not entitled to bank’s emergency liquidity facilities
Financial Stability Benchmarks 2025 – model banks analysis
Data breakdowns reveal differences in risk perceptions, staffing and AI usage
Financial Stability Benchmarks 2025 – executive summary
Data sheds light on central banks’ assessment of tariff risks and other financial stability threats
Financial Stability Benchmarks 2025 report – the threat from tariffs
Benchmarks highlight how many central banks see tariffs as a high risk to financial stability
Neutral counter-cyclical capital buffer averages less than 1%
But average neutral level of CCyB varies by economic groupings
Six central banks report increase in AML/CFT risks
Nine in 10 institutions indicate having sufficient powers to deal with risks
Central banks see cyber attacks as key financial stability risk
Respondents also reveal other elevated risks, including geopolitics and tariffs
Cyber attacks rise in three-fifths of jurisdictions
Central banks lacking incident response team report highest rate of attacks
Financial Stability Benchmarks 2025 Charts
Take a deep dive into the Financial Stability Benchmarks charts, which have just been released for 2025.
Majority of central banks have analysed effects of tariffs
Spike in levies seen as having varying degrees of impact on financial stability
Only 30% of central banks conduct non-bank stress-testing
Exercise tends to be less common in institutions with smaller financial stability teams