News in Systemic Risk: Monday, May 22, 2017 (10 a.m. ET)

Banks Want a Piece of the Payday-Loan Pie (WSJ)

Trump Pick for Treasury Department No. 2 Is Dropping Out (WSJ)

Rapid growth in FinTech credit carries opportunities and risks: report (FSB/BIS)

FinTech Credit: Market Structure, Business Models and Financial Stability Implications (FSB/BIS)

Working Paper Series: Government guarantees and the two-way feedback between banking and sovereign debt crises (ECB)

Brexit Will Raise Costs and Fragment Clearing, Euronext CEO Says (Bloomberg)

Euronext expects Brussels to force euro clearing to leave UK (FT)

Breaking Up Biggest Banks Would Be a ‘Huge Mistake,’ Mnuchin Says (Bloomberg)

BofA opens debate on lowering mortgage down payments (Reuters)

BofA's Moynihan: We need big banks to help grow the economy (CNBC)

New International Accounting Rules Could Cost Insurance Firms (WSJ)

Bank of England chief met with White House on financial stability issues (Reuters)

Shades of 2008 hang over London real estate (FT)