News in Systemic Risk: Monday, May 3, 2021 (10 a.m. ET) May 3, 2021 Federal Reserve Supervision and Regulation Report (Federal Reserve Board of Governors) Climate policy and transition risk in the housing market (Konstantinos Ferentinos, Alex Gibberd, Benjamin Guin; Bank of England) What is driving the recent surge in shipping costs? (Maria Grazia Attinasi, Alina Bobasu, Rinalds Gerinovics; European Central Bank) The reversal interest rate: A new motive for countercyclical macroprudential policy (Matthieu Darracq Pariès, Christoffer Kok, Matthias Rottner; VoxEU)