News in Systemic Risk: Thursday, September 9, 2021 (10 a.m. ET) September 9, 2021 The Fed takes on corporate credit risk: an analysis of the efficacy of the SMCCF (Simon Gilchrist, Bin Wei, Vivian Z. Yue, Egon Zakrajšek; Bank for International Settlements) Research Paper: Market Operations in Fiscal 2020 (Bank of Japan) Analysis: Stimulus-pumped stocks at risk as warning signals flash red (Tommy Wilkes, Saikat Chatterjee; Reuters) How can we make the most of an incomplete banking union? (Andrea Enria; ECB Banking Supervision) Mortgage rates, origination fees, and the transmission of monetary policy (Matteo Benetton, Alessandro Gavazza, Paolo Surico; VoxEU)