News in Systemic Risk: Friday, October 21, 2016 (10 a.m. ET)

NY Fed Conference on Reforming Culture and Behavior in the Financial Services Industry

 NY Fed’s Bill Dudley:  Opening Remarks at Reforming Culture and Behavior in the Financial Services Industry: Expanding the Dialogue

Bankers, Regulators Find No Easy Answers at Bank Culture Workshop - A mandate for good culture from regulators alone won’t work, host William Dudley of the New York Fed says (WSJ)

Bank Legal Costs Cited as Drag on Economic Growth - Fines on banks translate into $5 trillion of ‘reduced lending capacity,’ bank says (WSJ)

Moody’s Says U.S. to Sue on Crisis-Era Mortgage-Bond Ratings (Bloomberg)

Bundesbank’s Andreas Dombret: Banking sector in uncertain times - a challenge for whom?

BIS Working Paper:  International prudential policy spillovers: a global perspective