News in Systemic Risk: Monday, June 26, 2017 (10 a.m. ET)

Italy sets aside €17bn to wind down failing lenders (Financial Times)

Bonds in two rescued Italian banks surge (Financial Times)

European Central Bank Orders Two Italian Lenders Closed (WSJ)

ECB deemed Veneto Banca and Banca Popolare di Vicenza failing or likely to fail (ECB)

Fed’s stress tests raise concern over financial safety standard (Financial Times)

Bankers Have Less to Fear From ‘Stress Tests’ (WSJ)

Gauge of European bank default risk lowest since 2011 (Financial Times)

Democrats are more divided than ever over Wall Street regulations (Washington Post)

Trump could use alternate routes to roll back bank reforms (The Guardian)

At the New York Fed: Twelfth Annual Joint Conference with NYU-Stern on Financial Intermediation (Federal Reserve Bank of New York)

The global economy: maturing recoveries, turning financial cycles (BIS)

Financial Stability Institute Executive Summaries (BIS)

The financial sector – preparing for the future (BIS)

The Cushion That Saved Taxpayers From Banco Popular’s Failure (WSJ)

Jerome Powell: Central Clearing and Liquidity (Federal Reserve)

Jerome Powell: Remarks (Federal Reserve)

London School of Economics, Lecture: The global financial system, the real rate of interest and a long history of boom-bust cycles (BIS)

Jaime Caruana, General Manager of BIS: Looking beyond the here and now (BIS)

Sabine Lautenschläger: Supervising banks - four priorities (BIS)

Anbang’s predicament amid bank-risk probe (Financial Times)

Chinese acquirers face tougher due diligence (Financial Times)

Bank of England poised to act as credit card market overheats (Telegraph)

Xi Jinping’s war on the ‘financial crocodiles’ gathers pace (Financial Times)

 Central banks raise alarm over new crash after steep rise in lending (The Guardian)

Co-operative Bank no longer up for sale (BBC)

Britain’s Co-op Bank says nears rescue deal with investor group (Reuters)