Most central banks don’t use governance, danger and compliance (GRC) techniques, though utilization was greater amongst respondents to the Danger Administration Benchmarks 2023 versus those who replied in 2022.
Of the 33 establishments that responded to this knowledge question, 14 (42.4%) banks mentioned they use a GRC system, up from 36.7% that confirmed utilization previously 12 months.
The proportion of superior financial system (AE) central banks utilizing a GRC doubled in 2023, with half of establishments saying they used such an built-in