News in Systemic Risk: Friday, July 2, 2021 (10 a.m. ET) July 2, 2021 Euro area banks in the recovery (Luis de Guindos; European Central Bank) Climate-related risk and financial stability (European Central Bank) Central banks at the frontline of the COVID-19 crisis: weathering the storm, spurring the recovery (Pablo Hernández de Cos; Banco de España) Does It Matter How Central Banks Accumulate Reserves? Evidence from Sovereign Spreads (César Sosa-Padilla, Federico Sturzenegger; National Bureau of Economic Research) Central bank independence and inflation: Weak causality at best (Philipp F. M. Baumann, Enzo Rossi, Michael Schomaker; VoxEU) Related Stories 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 Program on Financial Stability Receives $7.5 million