News in Systemic Risk: Monday, August 23, 2021 (10 a.m. ET) August 23, 2021 Effects of the Central Bank Liquidity Swap on Korean FX Markets - The Case during the COVID-19 Crisis (Youngjin Yun; Bank of Korea) Corporate stress and bank nonperforming loans: Evidence from Pakistan (Ali M. Choudhary, Anil K. Jain; Federal Reserve Board of Governors) IMF Managing Director Announces the US$650 billion SDR Allocation Comes into Effect (International Monetary Fund) PBC, NDRC, MOF, CBIRC, CSRC and SAFE Jointly Issue Guiding Opinions on Advancing the Reform, Opening-Up and High-Quality Development of the Corporate Credit Bond Market (The People's Bank of China) New Appetite for Mortgage Bonds That Sidestep Fannie and Freddie (Ben Eisen; Wall Street Journal)