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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Beyond Data: A Macroprudential Policy to Break the Tragedy of the Horizon
Pierre Monnin | 10 October 2025
Monetary,
Commentary | Tags:
Central Banks,
Climate Risks,
Financial Supervisors,
Macroprudential Policy
Ten years ago, in his speech ‘Breaking the Tragedy of the Horizon’, Mark Carney, then Governor of the Bank of England – and now Prime Minister of Canada – issued a warning: climate change is ‘imposing a cost on future generations that the current generation
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Monetary Policy Reloaded. Towards a New Growth Path in China
Isabelle Jiani Zheng | 19 September 2025
Monetary,
Blog | Tags:
Central Banks,
China,
Economic Growth,
Financial Inclusion
In recent months, the People’s Bank of China (PBOC) unveiled a comprehensive series of monetary policy measures and guidance that combines general easing and targeted support mechanisms.
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From Risk to Resilience. Closing the Climate Insurance Protection Gap
Jérôme Crugnola-Humbert | 8 September 2025
Monetary,
Policy Briefs | Tags:
Climate Risks,
Financial Stability,
Inequality,
Insurance
When insurers stop covering climate risks, these risks are transferred onto individuals, businesses, and taxpayers. Insufficient insurance coverage not only undermines the financial system’s ability to absorb shocks but also has wider economic, fiscal, and social repercussions.
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A Macroprudential Approach to Compound Climate Risks
Paul Hiebert and
Pierre Monnin | 5 September 2025
Monetary,
Policy Briefs | Tags:
Climate Risks,
Financial Stability,
Macroprudential Policy,
Systemic Risks
Macroprudential authorities can make an integral contribution to a more resilient financial system capable of withstanding the evolving challenges posed by climate change, economic shocks and their complex interplay.
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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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Climate Adaptation and the Insurance Protection Gap: Market Challenges and Policy Options
30 June 2025 | Online | By Invitation
Monetary,
Roundtables | Tags:
Climate Change,
Financial Governance,
Insurance,
Systemic Risks
As climate-related risks escalate, rising hazards and exposures increasingly threaten the availability and affordability of insurance coverage. Individuals and businesses face a growing insurance protection gap.
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Hitting the Mark: Design Choices in Targeted Refinancing
Muhammad Qaisar | 17 April 2025
Monetary,
Blog | Tags:
Central Banks,
Targeted Refinancing Lines
To target their objectives, central banks have a broad toolbox. Each of their instruments has impacts on a range of their goals and must be calibrated accordingly. The critical role of design choices in targeted refinancing operations is a case in point.
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Inclusive Green Finance for Small Companies: Learning from Pilot Cities in China’s Zhejiang Province
16 April 2025 | 9.00 CET | Online | Co-hosted with AMRO
Monetary,
Webinar | Tags:
China,
Entrepreneurship,
Financial Inclusion,
Green Finance
The webinar distilled lessons learned in Zhejiang province and explore the conditions under which new standards and digital platforms can bolster climate finance for small companies across ASEAN+3 countries and beyond.
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