Clemens Bonner is a Policy Advisor at De Nederlandsche Bank where he focusses on the policy development and supervision of risks related to capital, funding and liquidity. In this capacity, he has represented DNB at numerous international committees and working groups of the BCBS, EBA, ESRB, SSM and the European Commission. Clemens was also involved in the development and implementation of policy for Pillar 2 liquidity supervision and was responsible for developing DNB’s top-down liquidity stress tests. Clemens has published several academic papers on the impact of financial regulation on bank behaviour. Before joining DNB, Clemens has worked for the European Central Bank. He holds a B.Sc. from Humboldt University Berlin as well as a M.Sc. and PhD in Economics from Tilburg University.