News in Systemic Risk: Tuesday, May 25, 2021 (10 a.m. ET) May 25, 2021 On the optimal control of interbank contagion in the euro area banking system (Gábor Fukker, Christoffer Kok; European Central Bank) Private Money and Central Bank Money as Payments Go Digital: an Update on CBDCs (Lael Brainard; Federal Reserve Board of Governors) Central Bank Communication: One Size Does Not Fit All (Joan Huang, John Simon; Reserve Bank of Australia) Fit for Purpose—Adapting IMF Advice to a New Economic Landscape (Fabian Bornhorst, Ceyla Pazarbasioglu; International Monetary Fund) Treasury’s Liang Seeks to Review Bond Market After 2020 Stresses (Christopher Condon; Bloomberg) Central banks take different routes to financial stability (Central Banking)