ASEAN+3 Macroeconomic Research Office

Other Research

The Basel Committee’s Revised Core Principles for Effective Banking Supervision: Addressing Climate-Related Financial Risks in ASEAN+3

May 29, 2024

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.

Blogs

Addressing Climate-Related Financial Risks in ASEAN+3

May 29, 2024

Aziz Durrani, Julia Bingler

At the end of April 2024, the Basel Committee on Banking Supervision (BCBS) released a revised version of its most important document, the Core Principles for effective banking supervision.

Blogs

Latest US Tariffs on Chinese EVs Pose Worrying Trends for the Environment

May 17, 2024

Aziz Durrani

The US has always prioritized the protection of its own economy. And this is a natural continuation of such a policy, along with the trend in deglobalisation and the decoupling of the US-China trade relationship.

Events

AMRO-INSPIRE-GAIP Conference

July 13, 2023

Aziz Durrani

The inaugural AMRO-INSPIRE-GAIP Conference in Singapore brought together senior figures from financial regulators, central banks, multilateral development banks, non-governmental organisations and the financial sector to discuss the effects and impacts of climate change on the financial system.

Events

Natural Capital, Biodiversity and the Economy and its Relation to the Financial System

July 12, 2023

Aziz Durrani

AMRO, together with staff from WWF Indonesia supported by WWF Greening Financial Regulation Initiative and WWF Singapore, organised a 3-day workshop in Jakarta, aimed at enhancing awareness of the importance of nature-related risks and their impact on financial stability.

Blogs

Perspectives from a Southeast Asia Roundtable on Nature ‘Impact and Dependency’ Studies

July 4, 2023

Aziz Durrani

This blog presents an overview on how central bankers and supervisors in Southeast Asia can better understand and address broader environment-related, and especially biodiversity loss-related, financial risks.

Other Research

Global Efforts to Fight the Consequences of Climate Change: the Role of Regional Financing Arrangements

March 23, 2023

Aziz Durrani, Faith Qiying Pang, Marthe M. Hinojales

This study provides an overview of steps taken by Regional Financing Arrangements (RFAs) to incorporate climate considerations into their activities, covering the areas of economic monitoring, lending, capacity building, and internal policies and operations.

Blogs

Resetting Southeast Asia’s Climate Agenda

October 31, 2022

Aziz Durrani

The risks climate change poses to ASEAN+3 countries could have far-reaching implications for the region’s agricultural production, water availability, energy security, transport and infrastructure, tourism industries, and coastal resources.

Analytical Notes

Climate Change: How Far along the Green Path are ASEAN+3 Banks?

October 26, 2022

Aziz Durrani, Laura Grace Gabriella, Siang Leng Wong

Climate change has become a real threat to financial stability.

Blogs

The Russia-Ukraine Conflict and Its Implications for the Global Financial System

March 17, 2022

Aziz Durrani

The recent Russia-Ukraine conflict has highlighted that countries can be totally cut off from the global financial system, and the dollar reserves they have painstakingly built could become worthless overnight.

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