News in Systemic Risk: Tuesday, January 19, 2021 (10 a.m. ET) January 19, 2021 EBA observes an increase in the asset encumbrance ratio amidst extensive use of central bank facilities (European Banking Authority) The macroprudential toolkit: effectiveness and interactions (Stephen Millard, Margarita Rubio, Alexandra Varadi; Bank of England) Measuring Corporate Bond Market Dislocations (Nina Boyarchenko, Richard K. Crump, Anna Kovner, Or Shachar; Federal Reserve Bank of New York) Bond returns in sovereign debt crises: The investors’ perspective (Jochen Andritzky, Julian Schumacher; VoxEU) African Central Bankers Out of Policy Space to Fight Recessions (Prinesha Naidoo; Bloomberg) Biden Taps Gensler as SEC Chairman, FTC’s Chopra as CFPB Chief (Jennifer Epstein, Benjamin Bain; Bloomberg)