News in Systemic Risk: Thursday, April 1, 2021 (10 a.m. ET) April 1, 2021 FSB publishes final report of the evaluation of too-big-to-fail reforms for banks (Financial Stability Board) An empirical foundation for calibrating the G-SIB surcharge (Alexander Jiron, Wayne Passmore, Aurite Werman; Bank for International Settlements) Procyclical Leverage and Crisis Probability in a Macroeconomic Model of Bank Runs (Daisuke Ikeda, Hidehiko Matsumoto; Bank of Japan) Financial Sector in the New Decade (Shri Shaktikanta Das; Reserve Bank of India) Preparing for a wave of non-performing loans: Empirical insights and important lessons (Johannes Kasinger, Jan Pieter Krahnen, Steven Ongena, Loriana Pelizzon, Maik Schmeling, Mark Wahrenburg; VoxEU) Archegos debacle reveals hidden risk of banks’ lucrative swaps business (Robert Armstrong; Financial Times) How has the IMF fared during the pandemic? (The Economist) Related Stories High School Students Visit Yale SOM for Introduction to Careers in Business and Economics Visiting Yale, Treasury Secretary Janet Yellen Hails Program on Financial Stability Program on Financial Stability Receives $7.5 million