News in Systemic Risk: Tuesday, January 5, 2021 (10 a.m. ET) January 5, 2021 Sophisticated and Unsophisticated Runs (Marco Cipriani, Gabriele La Spada; Federal Reserve Bank of New York) A Seventy-Year History (Bank of Korea) Informal Central Bank Communication (Annette Vissing-Jorgensen; National Bureau of Economic Research) Banking regulation needs a reset (Ana Botín; Financial Times)