Governing Supply Shocks: Central Bank Instruments, Fiscal Space and Financial Resilience
Julia Bingler,
Laura Britt Fermo and
Ashutosh Jaiswal | 30 October 2026
Fiscal,
Monetary,
Policy Briefs | Tags:
Energy,
Financial Supervision,
Global Value Chains,
Governing Finance,
Novel Risks Novel risks are expected to intensify supply shocks. This has considerable implications for monetary policy, fiscal space, and financial resilience
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Asia Beyond Buffers: The Second-Generation Resilience Agenda
Julia Bingler and
Udaibir Das | 21 September 2026
Monetary,
Commentary | Tags:
Financial Stability,
Novel Risks Energy, climate and trade disruptions interact with structural shifts in digital finance and artificial intelligence. CEP and AMRO describe a world of novel risks: systemic, deeply uncertain, frequently cross-border and liable to materialise together
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As Supply Shocks Multiply, Monetary Policy Will Shape Corporate Resilience
Julia Bingler | 1 September 2026
Monetary,
Commentary | Tags:
Central Banks,
Energy,
Financial Stability,
Insurance,
Novel Risks The ongoing disruption of wide-ranging commodities following the closure of the Strait of Hormuz is the latest in a series of supply-side shocks arriving with growing frequency and intensity. When such a shock hits, monetary tightening raises the cost of borrowing for exactly those long-horizon,
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Governing Finance for Sustainable Prosperity in Japan
Julia Bingler,
Aziz Durrani and
Matthew Poggi | 28 August 2026
Monetary,
Policy Briefs | Tags:
Central Banks,
Financial Regulation,
Financial Supervision,
Governing Finance,
Japan Japan occupies a singular position in global finance: it is one of the world’s most advanced economies and the one that has most extensively challenged the limits of conventional monetary and fiscal policy
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Governing Finance for Sustainable Prosperity in ASEAN
Julia Bingler,
Aziz Durrani and
Cynyoung Park | 28 August 2026
Monetary,
Policy Briefs | Tags:
ASEAN,
Central Banks,
Financial Regulation,
Financial Supervision,
Governing Finance ASEAN financial authorities face an era of compounding, novel risks, which also come with opportunities for structural transformations. Welfare and economic growth in the region increasingly depend on the capacity to manage long-term structural change
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ASEAN Central Banks Need New Tools for New Risks
Julia Bingler and
Matthew Poggi | 13 May 2026
Monetary,
Commentary | Tags:
ASEAN,
Central Banks,
Energy,
Systemic Risks,
Targeted Refinancing Lines Southeast Asia faces a growing exposure to novel interacting risks that drive inflation and financial instability. Under the Philippines’ leadership as 2026 ASEAN chair, there is an opportunity to strengthen the region’s response to reduce exposure to and manage the risks through the ASEAN Finance
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Closing the Gap to Boost Asean Resilience Against Novel Risks
Julia Bingler | 23 April 2026
Monetary,
Commentary | Tags:
ASEAN+3,
Central Banks,
Financial Supervision,
Macroprudential Policy,
Systemic Risks The Philippines deserves genuine credit for its stewardship of this year’s Asean Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM). Various novel risks and challenges have been discussed – from geoeconomic and geopolitical risks to cross border payments, financial resilience and climate risk management.
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Central Banks Must Guide Asean+3 Through Age of Novel Risks
Julia Bingler and
Aziz Durrani | 14 October 2025
Monetary,
Commentary | Tags:
ASEAN+3,
Central Banks,
Climate Risks,
Macroprudential Policy The prosperity of Asean+3 economies – the 10 South-east Asian nations plus China (including Hong Kong), Japan and South Korea – hinges on whether policymakers, central banks and financial supervisors can navigate an increasingly complex landscape of novel risks.
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Addressing Novel Risks, Strengthening Finance, and Building Resilience in ASEAN+3
Julia Bingler and
Aziz Durrani | 1 September 2025
Monetary,
Policy Briefs | Tags:
ASEAN+3,
Central Banks,
Climate Risks,
Financial Regulation,
Financial Supervision Welfare and economic growth in ASEAN+3 depend on the region’s ability to align economic priorities and the effective management of novel risks with the need to address structural challenges, associated transformations and the ability to harness future opportunities.
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The Basel Committee’s Revised Core Principles for Effective Banking Supervision: Addressing Climate-Related Financial Risks in ASEAN+3
Julia Bingler and
Aziz Durrani | 5 June 2024
Monetary,
Policy Briefs | Tags:
ASEAN+3,
BCBS,
Climate Risks,
Financial Supervision,
Macroprudential Policy This policy brief provides a detailed overview of the guidance that the Basel Committee on Banking Supervision (BCBS) has provided to financial institutions and their supervisors, in relation to assessing, quantifying and managing climate risks under Pillars I, II and III of the Basel framework.
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