News in Systemic Risk: Monday, December 19, 2016 (10 a.m. ET)
Geithner: Financial System Still at Risk of Crisis - While the Dodd-Frank Act and other postcrisis regulations have made the financial system safer in many ways, there is “reason to worry” about policymakers’ capacity to deal with a new crisis (WSJ)
How a Monte dei Paschi Rescue Is Unlikely to Solve Italy’s Banking Problems - The industry is hamstrung by a sluggish economy and an ultratraditional business model (WSJ)
Monte dei Paschi Set to Launch Share Sale - Troubled Italian lender needs to raise more than $5 billion of fresh capital by the end of the year (WSJ)
U.S. Money Fund Reforms Come to Europe—Will Volatility Follow? - Regulation expected to take effect in 2018 or 2019 (WSJ)
EU insurance regulator says stress-test results confirm “significant challenges” (Financial Times)
Europe’s banks fret over US stress tests - CCAR could expose weaknesses in capital planning at foreign banks (Risk.net)
Bank of England Quarterly Bulletin 2016 Q4
New York Fed Staff Report: Dealer Balance Sheets and Bond Liquidity Provision
New York Fed Staff Report: Credit Spreads, Financial Crises, and Macroprudential Policy
ECB Economic Bulletin: The impact of uncertainty on activity in the euro area
BIS Working Paper: Macroeconomics of bank capital and liquidity regulations
Macroprudential policy under high capital mobility: policy implications from an academic perspective (Journal of the Japanese and International Economies)
