News in Systemic Risk: Thursday, July 12, 2018 (10 a.m. ET)

FSB issues statement on reforms to interest rate benchmarks (FSB)

ECB announces further steps in supervisory approach to stock of NPLs (ECB)

The Pre-Crisis Monetary Policy Implementation Framework (Alexander Kroeger, John McGowan, Asani Sarkar; New York Fed)

U.S. economy strong, risk-taking under control: Fed's Williams (Reuters)

ECB outlines plans for ‘bank-specific expectations’ on bad loans (FT)

ECB Prods Lenders on Bad Loan Pile With Bank-Tailored Guidelines (Bloomberg)

ECB unveils compromise solution for banks' soured loan problem (Reuters)

Wall Street Competes With Unregulated Banks for the Riskiest Loans (Bloomberg)

Abandon Libor Now or Else, U.K. Agency Warns Finance Firms (Bloomberg)

FCA warns banks must accelerate plans to abandon Libor (FT)

BoE adds systemic buffers to 2018 stress test of banks (Reuters)

U.K.'s Alarm on $127 Trillion of Derivatives Rebuffed by EU (Bloomberg)

Top EU finance watchdog warns firms unprepared for hard Brexit (FT)

U.S. Banks Could Lose Out Under U.K.’s Brexit Plan (WSJ)