One-fifth of central banks lack defined risk tolerance and strategy
But majority of respondents apply risk management principles to policies and processes
Around a fifth of central banks responding to the Risk Management Benchmarks 2025 have no defined risk tolerance and risk management strategy.
Across 43 risk management divisions, 18.6% say they do not have a defined risk tolerance. Likewise, to the question on risk management strategy, 18.6% of 43 respondents lack one. The results are slightly higher than the figures from a different sample in the 2024 benchmarks.
In another section of the benchmark, over nine-tenths of 42 central banks say they
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