News in Systemic Risk: Tuesday, July 11, 2017 (10 a.m. ET)

Big US banks’ profit forecasts take a fall (Financial Times)

US consumers set to be given power to sue banks (Financial Times)

Fed gives nod to ‘payout party time’ for banks (Financial Times)

Bank of England successfully tests new payment method (Financial Times)

Bank of England warns it will go after firms looking to mask risks (The Guardian)

BoE regulator warns UK banks on accounting practices (Financial Times)

China May Give Central Bank Key Role in Financial Oversight (Bloomberg)

How Fixing Italy’s Banks Is Helping Europe Heal (WSJ)

ECB Taper Talk Puts Spotlight on Italy (WSJ)

Schaeuble Says Italy Bank-Liquidation Aid Shows Rule Discord (Bloomberg)

Greece to Get Its Latest Big Tranche by EU Creditors (WSJ)

China to Hold High-Level Meeting Aimed at Streamlining Financial Regulation (WSJ)

Trump to Nominate Randal Quarles as Fed Bank Regulator (WSJ)

Fed Nominee Randal Quarles in His Own Words (WSJ)

Benoît Cœuré: The international dimension of the ECB’s asset purchase programme (ECB)

Trump Regulation ‘Czar’ Cleared by Senate (WSJ)

U.S. Regulator Moves to Rewrite Rules for Swaps Transaction Reporting (WSJ)