News in Systemic Risk: Friday, July 28, 2017 (10 a.m. ET)

ECB Working Paper Series: Multiple Lending, Credit Lines and Financial Contagion (ECB)

Mnuchin: Volcker Rule, ‘Too Big to Fail’ Set for Changes (WSJ)

Mnuchin Says He Has No Intent to Prioritize Payments if Debt Limit Isn’t Raised (WSJ)

CFTC Nominees Vow to Finish Derivatives Rules, Disagree on Details (WSJ)

Libor’s Uncertain Succession Triggers $350 Trillion Headache (Bloomberg)

SEC Scrutiny of Private Equity May Dwindle, Official Says (WSJ)

Meet Randal Quarles, Trump’s Pick to Shake Up the Fed (WSJ)

Banking Regulatory Nominees Back Fewer Financial Restrictions (New York Times)

UK Watchdog Says Auditors Must Challenge Their Clients More (Reuters)

RBS to Spend More Than $1 Billion to Appease Authorities (WSJ)

China Says Will Persist with Crackdown on Forex Irregularities (Reuters)

International Monetary Fund Based in Beijing? Maybe, Its Director Says (New York Times)

Santander Cuts Back Mortgage Lending as Bank of England Warns over Personal Debt (Guardian)

Sabine Lautenschläger: Interview with the Financial Times (BIS)

Euro Area Economic and Financial Developments by Institutional Sector: 1^st Quarter 2017 (ECB)