Governance Benchmarks 2023 – executive summary
Data shows EMEs and advanced economies differing in profits, appointments and policies
The Governance Benchmarks 2023 present original data on how central banks are organised and overseen. Central bankers currently face extremely challenging circumstances. Inflation remains high in many jurisdictions in both advanced and emerging market economies (EMEs), and is continuing to rise in some. Russia’s invasion of Ukraine and the strains on international supply chains caused by the Covid-19 epidemic are still creating considerable financial uncertainty. Certain countries have
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More on Governance
Governance Benchmarks 2024 – model banks analysis
Additional breakdowns of the data reveal details of central bank powers, staffing and more
Governance Benchmarks 2024 report – central banks’ core processes
The benchmarks shed light on central bank profitability and distributions, independence and more
Central banks reveal top staffing constraints
Career progression limits, skills gaps and red tape identified as challenges
Most high income central banks lack formal recapitalisation agreements
Seven respondents report launching recapitalisation in past year
Central banks’ profit distribution widely agreed with governments
Few institutions have arrangements with other parties or private shareholders
Two-thirds of central banks report profit in last fiscal year
Few institutions seek recapitalisation and technological advancement for operational goals
Board non-execs more likely to be appointed by governments
Middle income central banks tend to have more government officials on board
Central bank independence usually safeguarded by law
But one in 10 respondents see their autonomy threatened