News in Systemic Risk: Wednesday, April 21, 2021 (10 a.m. ET) April 21, 2021 International Capital Markets During the COVID-19 Crisis (Laura Álvarez, Alberto Fuertes, Luis Molina, Emilio Muñoz de la Peña; Bank of Spain) Risk-Taking and Monetary Policy Transmission: Evidence from Loans to SMEs and Large Firms (Cecilia R. Caglio, R. Matthew Darst, Ṣebnem Kalemli-Özcan; National Bureau of Economic Research) Governors Nabiullina, Tabaković and Bezhoska on systemic risk and women in power (Joasia E. Popowicz; Central Banking) ECB watchers say divisions on council could hamper decision-making (Victor Mendez-Barreira; Central Banking) German Court Clears Road for EU Recovery Fund Ratification (Karin Matussek, Carolynn Look; Bloomberg)