News in Systemic Risk: Thursday, December 8, 2016 (10 a.m. ET)

Italian Banking System

How EU Rules Affect Outlook for Italy’s Banca Monte dei Paschi - If private investors don’t rescue Italy’s third-largest bank, the government’s options will depend on how European Union rules are implemented (WSJ)

Italy’s Banca Monte Dei Paschi Seeks More Time to Raise Capital - Citing government crisis, troubled bank wants ECB to extend deadline for raising €5 billion to Jan. 20 (WSJ)

China’s Banks Are Hiding More Than $2 Trillion in Loans - Accounting sleight of hand means banks don’t have to set aside capital for potential losses, sowing fears of a crisis; new apartments with no residents (WSJ)

Surge in Dollar Provokes Jitters in Emerging Markets Around World (New York Times)

Bitesize: Banks’ growing capital surplus since the crisis (Bank of England Bank Underground Blog)

FSB:  Sixth meeting of the Financial Stability Board Regional Consultative Group for the Commonwealth of Independent States

IMF Working Paper:  Real Effects of Capital Inflows in Emerging Markets