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News in Systemic Risk: Thursday, October 20, 2016 (10 a.m. ET)

Systemic Risk Council:  Systemic Risk Council Comments on the Financial Stability Board's Consultative Document on Asset Management Activities

How One Goldman Sachs Trader Made More Than $100 Million - the gains from big trades on junk bonds are a throwback to an earlier era on Wall Street (WSJ)

UK will ensure stability of financial sector: Brexit minister (Reuters)

ICE’s Sprecher Criticizes Mifid II, European Financial Rules Set to Start in 2018 - Executive calls new laws ‘a terrible piece of legislation,’ suggests Brexit could help U.K. become more business friendly (WSJ)

Where the Next Crisis Will Come From - Keep an eye on depressed lenders, shadow banks, and China (Bloomberg Businessweek)

ECB’s Danièle Nouy:  The shifting ground of banking – A supervisor’s perspective