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The Cen­tral Bank’s 2024 Fi­nan­cial Sta­bil­i­ty Re­port of­fers a cau­tion­ary as­sess­ment of the lo­cal fi­nan­cial sec­tor, warn­ing that the sys­tem re­mains in­creas­ing­ly ex­posed to sov­er­eign risk.

High sov­er­eign con­cen­tra­tion in the bank­ing and in­sur­ance sec­tors was one of four po­ten­tial risks to do­mes­tic fi­nan­cial sta­bil­i­ty. The oth­er were in­creas­ing cy­ber in­ci­dents, height­ened liq­uid­i­ty risk and ris­ing house­hold in­debt­ed­ness.