News in Systemic Risk: Monday, February 5, 2018 (10 a.m. ET)

Jerome H. Powell sworn in as Chairman of the Board of Governors of the Federal Reserve System (Federal Reserve)

Responding to widespread consumer abuses and compliance breakdowns by Wells Fargo, Federal Reserve restricts Wells' growth until firm improves governance and controls. Concurrent with Fed action, Wells to replace three directors by April, one by year end (Federal Reserve)

US raises pressure over EU plan for changes to fund rules (FT)

Wells Fargo Rebuke Puts Bank Boards in Fed’s Crosshairs (WSJ)

Wells Fargo Plunges After Fed’s Sanctions (Bloomberg)

Fed hits Wells Fargo with sanctions over accounts scandal (FT)

Fed Toughens Stress Test as Banks Await Trump's Promised Relief (Bloomberg)

S&P Warns High Corporate Debt Could Trigger Next Default Cycle (Bloomberg)

Powell Sworn In as Fed Chief Pledging to Explain Policy Moves (Bloomberg)

Eurozone: ‘First clouds appearing in blue economic sky’, Sentix says (FT)

SEC drags feet on approving bitcoin ETFs (FT)