News in Systemic Risk: Friday, December 14, 2018 (10 a.m. ET)

The banking sector – where did we end up after all the reforms? (ECB)

Domestic and external sectoral portfolios: network structure and balance-sheet contagion (Jonas Heipertz, Romain Rancière, Natacha Valla, ECB)

ECB will directly supervise 119 banks in 2019 (ECB)

Does the Eurogroup’s reform of the ESM toolkit represent real progress? (Bruegel)

December 2018 - Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) (ECB)

Wall Street banks turn skittish on leveraged loans (FT)

China's Economy Still Slowing as Policy Makers Form 2019 Plans (Bloomberg)

Rajan, Gopinath See Crisis Risk If India Focuses Only on Growth (Bloomberg)

Trump Snubs Global Order Again as U.S. Rejects IMF Funding Boost (Bloomberg)

France Exacerbates Euro-Area Slowdown as China Weakness Mounts (Bloomberg)

Pakistan Receives Another $1 Billion From Saudi Support Package  (Bloomberg)

Post-Crisis Icelanders Are About 30% Richer Than EU Citizens (Bloomberg)