News in Systemic Risk: Friday, July 31, 2020 (10 a.m. ET) July 31, 2020 Statement By the Systemic Risk Council Addressed to the Chairman, Financial Stability Board, Bank for International Settlements on CCP Resolution (Paul Tucker; Systemic Risk Council) Transparency Makes Central Banks More Effective and Trusted (Tobias Adrian, Ghiath Shabsigh, and Ashraf Khan; International Monetary Fund) Forbearance Patterns in the Post-Crisis Period (Katharina Bergant; International Monetary Fund) UN says rival Libyan central banks will be audited (Central Banking) Cross-border payment systems have been neglected for too long (Jon Cunliffe; Bank for International Settlements) PRA updates guidance on capital management for banks and insurers (Australian Prudential Regulation Authority) Climate change concern drives resistance to Labor pension fund proposal (Zack Colman; PoliticoPro) U.S. Economy Contracted at Record Rate Last Quarter; Jobless Claims Rise to 1.43 Million (Harriet Torry; Wall Street Journal) 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
