News in Systemic Risk: Wednesday, December 14, 2016 (10 a.m. ET)

Living Wills

Wells Fargo Sanctioned by U.S. Regulators for ‘Living Will’ Deficiencies - J.P. Morgan, Bank of America, Bank of New York Mellon and State Street avoid sanctions (WSJ)

The Financial Crisis, Living Wills and Lawsuits (New York Times Dealbook)

FDIC:  Agencies Announce Determinations on October Resolution Plan Submissions of Five Systemically Important Domestic Banking Institutions

A Bond with an Identity Crisis (Bloomberg Gadfly)

OFR:  Office of Financial Research Assesses Key Threats to Financial Stability

OCC:  OCC Releases Review of Efforts To Enhance Large Bank Supervision

The Paradox of Frozen Liquidity - How unusable liquidity can prevent bank runs—a tale of sunspots and taxicabs