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)