Some internal policies differ by country income
Central banks likely to have ethics codes and whistleblower policies regardless of national income
Advanced economies’ central banks are more likely to have formal policies on inclusion and sustainability than their emerging market economy (EME) counterparts, the Governance Benchmarks 2023 find.
When asked if they have diversity and inclusion policies, 58% of 43 respondents said that they do. As for internal sustainability policies, 56% of 41 respondents said they had one.
The responses on most types of policy varied widely by jurisdictions’ levels of GDP. Just 35% of participating central
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Additional breakdowns of the data reveal details of central bank powers, staffing and more
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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