News in Systemic Risk: Friday, August 7 (10 a.m. ET) August 7, 2020 Securing Secured Finance: The Term Asset-Backed Securities Loan Facility (Elizabeth Caviness, Asani Sarkar ; Federal Reserve Bank of New York) Federal Reserve announces details of new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States (Federal Reserve Board of Governors) COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond (Martin Mühleisen, Tryggvi Gudmundsson, Hélène Poirson Ward; International Monetary Fund) Capital market regulation and coronavirus (Mark Steward; Financial Conduct Authority) Countercyclical capital requirement reductions, state dependence and macroeconomic outcomes (Elif C. Arbatli-Saxegaard, Ragnar E. Juelsrud; Norges Bank)