Just as past crises triggered international and regional financial cooperation, the pandemic offers an opportunity to collectively improve financial resilience and soundness.
Peter’s work focuses on issues relating to financial development and stability within the context of regional financial cooperation and integration in Asia. Before joining the ADB, he worked for the GIZ as an advisor on economic and development policy and for the European Central Bank as a Market Infrastructure Expert.
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The pandemic provides an opportunity for regional financial cooperation on reforms to make Asian banks more resilient to crises.
The region’s financial architecture is stronger and more resilient than 20 years ago, but it faces new challenges.