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Regulation, Supervision & Financial Stability · FRSS Musrefy Award 2026

Financial Stability & Crisis Preparedness Award

Honours initiatives that strengthen stability, early warning and crisis response.

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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

  1. Financial stability report

    What the authority published on systemic risk assessment in 2025

    10%

    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

  2. Stress test coverage

    Share of banking-sector assets covered by system-wide stress tests (top-down or bottom-up) run in 2025

    15%

    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

  3. 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

    15%

    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

  4. 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

    15%

    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

  5. Special bank resolution regime

    Whether a legal regime for resolving failing banks exists in line with the FSB Key Attributes

    15%

    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

  6. 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

    15%

    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

  7. Early warning dashboard

    How often the systemic risk indicators dashboard is updated and how widely it is shared

    15%

    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

  1. Done

    Nominations open

  2. Upcoming

    Nominations close

  3. Upcoming

    Judging starts

  4. Upcoming

    Judging ends

  5. Upcoming

    Results announced

Times are in Asia/Riyadh (UTC+03:00).

Results

Results are announced only after final approval.

Finalists and winners will appear here once the results have been approved and published.