Emerging market central banks regulate more sectors
A higher proportion are the sole banking, non-bank and micro-finance sector regulators
Central banks in emerging market economies are much more likely to be the sole regulator of different financial sectors, especially banking, the Financial Stability Benchmarks 2021 find.
Central Banking asked participants if they have sole responsibility for four areas of the financial sector: banking, insurance, non-banks and micro-finance.
Overall, 70% of central banks that responded said they have sole responsibility for regulating their country’s banking sector. Much smaller proportions
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