News in Systemic Risk: Wednesday, December 05, 2018 (10 a.m. ET)

Non-monetary news in central bank communication (Anna Cieslak  and  Andreas Schrimpf, BIS)

The Federal Democratic Republic of Ethiopia : Selected Issues (IMF)

Italian companies and banks cut back bond sales (FT)

BoE ready to loosen bank ‘rainy-day’ buffers on Brexit upheaval  (FT)

U.K. Services Unexpectedly Weaken to Worst Level Since July 2016 (Bloomberg)

Italy Is Teetering on Verge of a Recession (Bloomberg)

Toronto Housing Sales Decline Most in Eight Months (Bloomberg)

Flatter Yield Curves Aren’t Always Bad News—but This One Is (WSJ)