Risk departments propose benchmarks at most central banks
Investment committees increasingly empowered to approve reserve benchmarks
Risk departments propose benchmarks for reserve management at most central banks, the Reserve Benchmarks 2024 find.
The practice is most common among high income central banks, with 75% of them relying on risk departments. In upper-middle income countries, 45% of central banks use risk departments, while the figure drops for 40% for lower-middle income central banks.
As for approving the benchmarks, central banks’ boards are still the most common, with 50.9% of central banks giving this
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