Regulation, Supervision & Financial Stability · FRSS Musrefy Award 2026
Financial Stability & Crisis Preparedness Award
Honours initiatives that strengthen stability, early warning and crisis response.
How this award is scored
- Evaluation
- 100% automatic, from the data and evidence you submit
- Minimum score to win
- 70 / 100
- Measurement period
- Financial year 2025; crisis simulation exercises count over the three years to the end of 2025
Who can apply
- A central bank, financial stability committee or body with a legal financial stability or resolution mandate, or an initiative it runs
- The framework or initiative is in force and applied during the measurement period
Indicators and weights
-
10%
Financial stability report
What the authority published on systemic risk assessment in 2025
Points
- Published annual report with a risk map, stress test results and the macroprudential stance100
- Published report without stress test results60
- Internal report only20
- None0
Evidence
Link to the published report or its internal approval decision
-
15%
Stress test coverage
Share of banking-sector assets covered by system-wide stress tests (top-down or bottom-up) run in 2025
Points
- 95 – < 100 % 100
- 80 – < 95 % 80
- 50 – < 80 % 50
- 0 – < 50 % 20
Evidence
Stress test method and list of banks covered with their assets
-
15%
Macroprudential tools in force
Number of the following eight tools in force: countercyclical buffer, domestic systemically important bank buffer, loan-to-value cap, debt-service-to-income cap, sectoral concentration limits, foreign-currency liquidity requirement, systemic risk buffer, net open FX position limits
Points
- 7.5 – < 8 items 100
- 5 – < 7.5 items 75
- 3 – < 5 items 45
- 0 – < 3 items 15
Evidence
Reference numbers and dates of the decisions or circulars in force for each tool
-
15%
Recovery plans for systemic banks
Share of domestic systemically important banks with an approved recovery plan updated in the last two years; if the country has not designated such banks, the three largest banks by assets are used
Points
- 90 – < 100 % 100
- 70 – < 90 % 80
- 40 – < 70 % 50
- 0 – < 40 % 20
Evidence
List of systemic banks and the approval letter for each plan with the update date
-
15%
Special bank resolution regime
Whether a legal regime for resolving failing banks exists in line with the FSB Key Attributes
Points
- Law in force designating a resolution authority with the main tools (transfer, bridge bank, bail-in)100
- Partial resolution powers without a complete framework50
- None0
Evidence
Text of the law or regulation with the relevant articles
-
15%
Crisis simulation exercises
Number of system-wide crisis simulations involving several authorities or banks in the last three years with an approved lessons-learned report
Points
- ≥ 3 count 100
- 2 – < 3 count 80
- 1 – < 2 count 50
- 0 – < 1 count 0
Evidence
Lessons-learned report or approved summary for each exercise
-
15%
Early warning dashboard
How often the systemic risk indicators dashboard is updated and how widely it is shared
Points
- Monthly update, published100
- Quarterly update, published75
- Regular update for internal use only40
- No dashboard0
Evidence
Link to the published dashboard or copies of the last four internal editions
Each indicator gives 0 to 100 points; its share of the total is its weight. Ties are decided by the indicators listed first in the scorecard; payment or package never affects the score.
Cycle timeline
-
Done
Nominations open
-
Upcoming
Nominations close
-
Upcoming
Judging starts
-
Upcoming
Judging ends
-
Upcoming
Results announced
Times are in Asia/Riyadh (UTC+03:00).
Results
Results are announced only after final approval.