Financial Stability Benchmarks 2021 report – keeping the sector secure
How do central banks seek to protect financial stability? Benchmark exercise presents responses on AML/CFT, cyber, macro-prudential and other risks
Preserving financial stability is a core task for all central banks. But how central banks see this task has changed significantly in recent years. If a central banker working in 2006, say, had been told about the extent of the powers that central banks would exercise 15 years later, they would probably have been surprised.
In a way, the change in central bankers’ views on financial stability has been a case of “back to the future”. The range of tools that central banks can exercise is
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