Most central banks track key risk indicators
Few banks consider improving current scope of KRIs, others to unveil soon
Over three-fifth of central banks have developed key risk indicators (KRIs) that enable their institutions to gauge and respond to threats, the Risk Management Benchmarks 2023 reveal.
The question garnered responses from 32 institutions, three in five (62.50%) of which said they currently employ KRIs. All 20 institutions with the indicators also said they have in place procedures for monitoring and reviewing the KRIs.
Central Banking further asked participating institutions if they have a
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