News in Systemic Risk: Monday, April 3, 2017 (10 a.m. ET) April 3, 2017 Why the Urge to Merge Could Return to Wall Street (NYT) Federal Reserve Readies Plan for Balance Sheet (WSJ) Bond scarcity and the ECB’s asset purchase programme (ECB) Working Paper Series: Threshold effects of financial stress on monetary policy rules: a panel data analysis (ECB)