News in Systemic Risk: Friday, May 26, 2017 (10 a.m. ET)

Sheila Bair and Paul Volcker, These rules could stop the next big financial crisis. Don’t get rid of them. (Washington Post)

Tighter Global Banking Rules Tilt Against Europe’s Lenders (WSJ)

William Coen, Regulatory equivalence and the global regulatory system (BIS)

Fintech's decentralized nature challenges regulators as industry transforms banking (Reuters)

Strict risk control key to survival for booming internet financing newcomers (South China Morning Post)

Former HKMA chief Joseph Yam says China quite right to take a cautious approach on allowing the yuan to become freely traded (South China Morning Post)

Regulator urges China banks to save ailing companies (FT)

China’s reforms not enough to arrest mounting debt: Moody’s (Reuters)

Irritation with Moody's reflects China's sensitivity as it seeks foreign investors (Reuters)

Business models of the banks in the euro area (ECB)

LSE CEO Sees Systemic Risk if London Loses Clearing (Video, Bloomberg)