News in Systemic Risk: Thursday, July 2, 2020 (10 a.m. ET) July 2, 2020 Clarifying the ECB’s supervisory approach to consolidation (Edouard Fernandez-Bollo; ECB Banking Supervision) The Shift from Active to Passive Investing: Potential Risks to Financial Stability? (Kenechukwu Anadu, Mathias Kruttli, Patrick McCabe, Emilio Osambela; Federal Reserve Board of Governors) Building a financial regulatory system suitable for the UK in the new era (Nausicaa Delfas; UK Financial Conduct Authority) ESRB risk dashboard (European Systemic Risk Board) Employment Situation Summary (Bureau of Labor Statistics) ESG Risk in Times of COVID-19 (Fabrizio Ferriani, Filippo Natoli; Bank of Italy) Saudi Arabia Extends Some Stimulus Measures for Business (Reema Al Othman, Vivian Nereim; Bloomberg) IMF urges Ukraine to keep central bank independent as governor's exit rattles market (Matthias Williams, Natalia Zinets; Reuters) 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