News in Systemic Risk: Thursday, June 8, 2017 (10 a.m. ET)
House Set to Pass Bill Rolling Back Wall Street Rules (WSJ)
House Poised to Pass Bill Taking Aim at Dodd-Frank Regulations (New York Times)
Santander Buys Banco Popular for €1 After Rival Deemed ‘Likely to Fail’ (WSJ)
ECB determined Banco Popular Español S.A. was failing or likely to fail (ECB)
Banco Popular and Monte dei Paschi dropped from EBA stress tests (Financial Times)
Banco Popular sale a ‘successful example’ of bank resolution system – EU’s Dombrovskis (Financial Times)
Coco bond contagion contained after Banco Popular wipeout (Financial Times)
Mission impossible: Saving Banco Popular Too Much for Saracho (Bloomberg)
Speech by Haruhiko Kuroda: Theory on financial markets and central banks (Bank of Japan)
Working Paper: The international dimensions of macroprudential policies (BIS)
Adoption of Supervisory Guidance on Model Risk Management (FDIC)
ECB’s long-term, cheap funding proves lifeline for banks (Financial Times)
London’s biggest clearing house open to more EU oversight (Financial Times)
Brexit will probably cause disruption in markets, but systemic risk is unlikely (London School of Economics and Political Science)