Financial health in review: current practices in different financial authorities

The latest Financial Stability Institute paper presents a stocktake of how national financial authorities are approaching financial health. It does not offer recommendations but aims to share insights from seven financial sector authorities, spanning both advanced economies (AEs) and emerging market and developing economies (EMDEs), to support peer learning and inform future discussion and efforts.

Financial health is a state in which people can manage their financial needs, cope with negative shocks, pursue their goals and feel confident about their financial lives. This multidimensional nature means that financial health is influenced by several factors, policies and players, both within and outside the financial sector.

Within the financial sector, financial authorities have tools that can contribute to fostering financial health. They can promote financial inclusion, establish and enforce sound financial regulations and help enhance financial literacy.

This paper provides a stocktake of different approaches by seven financial authorities in defining, measuring and collecting data on financial health, as well as the various programmes and policy interventions they are pursuing to help improve financial health in their jurisdictions.

Financial Stability Institute Insights on policy implementation No 68
Financial health in review: current practices in different financial authorities