News in Systemic Risk: Friday, February 12, 2021 (10 a.m. ET) February 12, 2021 Federal Reserve Board releases hypothetical scenarios for its 2021 bank stress tests (Federal Reserve Board) Stress-testing net trading income: the case of European banks (Carla Giglio, Frances Shaw, Nicolas Syrichas, Giuseppe Cappelletti; European Central Bank) Philippine banking system - "Crossing the threshold" for economic and financial recovery (Benjamin E Diokno; Bank for International Settlements) Should governments in emerging economies worry about their debt? (The Economist) Money markets, central bank balance sheets, and regulation (Stefano Corradin, Marie Hoerova, Glenn Schepens; VoxEU) Related Stories Fed Official Michael Barr Provides an Inside Look at Crisis Response High School Students Visit Yale SOM for Introduction to Careers in Business and Economics Visiting Yale, Treasury Secretary Janet Yellen Hails Program on Financial Stability