News in Systemic Risk: Tuesday, December 12, 2017 (10 a.m. ET)

Andreas Dombret: To Count or Not to Count – The Future of Internal Models in Banking Regulation (BIS)

Haruhiko Kuroda: Innovation and the Future of Finance (BIS)

Federal Reserve Board Requests Comment on Proposed Changes to the Payment System Risk Policy (Federal Reserve)

The Internal Capital Adequacy Assessment Process (ICAAP) and the Supervisory Review and Evaluation Process (SREP) (Bank of England)

Financial Spillovers and Macroprudential Policies (Joshua Aizenman, Menzie D. Chinn, Hiro Ito; NBER)

Chart of the Week: The Walking Debt: Resolving China’s Zombies (IMF Blog)

For the Next Housing Crisis, Lessons From the Last One (WSJ)

Bundesbank’s Dombret Rebuffs Criticism of New Basel Reforms (FT)

Fintech Listed as Emerging Risk to Financial Stability in Report (Bloomberg)

UBS Leads Blockchain Data Reporting Pilot Ahead of New EU Rules (Reuters)

U.S. Financial Regulators Warn Investors on Bitcoin Risks (FT)