News in Systemic Risk: Thursday, July 18 2019 (10 a.m. ET)

Macroprudential policy at the ECB: Institutional framework, strategy, analytical tools and policies (ECB)

Using credit variables to date business cycle and to estimate the probabilities of recession in real time (Valentina Aprigliano, Danilo Liberati, Banca D’Italia)

Impact of Prudential Regulations for Unrated Exposures on the Rating Behaviour of Large Borrowers (Pallavi Chavan, S. K. Ritadhi, RBI)

ESMA Advises on Credit Rating Sustainability Issues and Sets Disclosure Requirements (ESMA)

How Do Large Banks Manage Their Cash? (Jeffrey Levine, Asani Sarkar, FRBNY)

Beige Book – July 17th, 2019 (Federal Reserve)