News in Systemic Risk: Thursday, May 27, 2021 (10 a.m. ET) May 27, 2021 Banks fearing the drought? Liquidity hoarding as a response to idiosyncratic interbank funding dry-ups (Helge C. N. Littke, Matias Ossandon Busch; Deutsche Bundesbank) Fed reverse repo volume sparks worries U.S. short-term rates could go below zero (Gertrude Chavez-Dreyfuss; Reuters) Wirecard 'wake-up call' prompts EU company reporting reform (Huw Jones; Reuters) Head of UK’s financial regulator says it was not up to the job (Daniel Thomas, Michael O’Dwyer; Financial Times) Bank of Korea to start CBDC trial in August (Central Banking)