News in Systemic Risk: Monday, September 28, 2020 (10 a.m. ET) September 28, 2020 Could Covid-19 lead to higher bank losses on unsecured debt? (Bank of England) Hutchins Roundup: Small businesses, foreign investment, and more (Sophia Campbell, Lorena Hernandez Barcena, David Wessel; Brookings Institution ) Fiscal federalism and the COVID-19 shock in the US (Jeffrey Clemens, Stan Veuger; VoxEU) Fed will calibrate NSFR to avoid hurting repo (Philip Alexander; Central Banking) A Theory of Foreign Exchange Interventions (Sebastián Fanelli, Ludwig Straub; National Bureau of Economic Research)