News in Systemic Risk: Tuesday, December 13, 2016 (10 a.m. ET)
Italian Banking System
Time For Italy to Be Clear About Its Troubled Banks - Banca Monte dei Paschi di Siena has a deadline to recapitalize before the end of the year (WSJ)
Italy Poised to Help Monte dei Paschi if Capital Raising Fails - A government bailout isn’t likely before Saturday, say people familiar with the matter (WSJ)
Volcker Rule extension
Big Banks Could Get More Time to Sell Funds Banned by Volcker Rule - Federal Reserve issues new guidelines for banks to obtain up to five years leeway (WSJ)
How Dodd-Frank will change under Trump and the next Congress (The Hill)
Stress-test expert to lead Fed's financial stability division (Reuters)