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)