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News in Systemic Risk: Wednesday, December 7, 2016 (10 a.m. ET)

Briefing: Trump and the Future of Financial Regulation -- Week Three (WSJ)

Former U.S. Attorney Debra Wong Yang Being Considered to Lead SEC - Trump met with her Monday to discuss Securities and Exchange Commission chairmanship (WSJ)

Monte dei Paschi and markets need new PM quickly, say officials - Rome has ‘not given up’ on a private solution to bank’s troubles (Financial Times)

Hammond clashes with Brussels over new bank oversight rules - Plans shape up to be one of UK’s last big financial policy battles in EU (Financial Times)

EU optimistic Basel bank capital deal can be reached in January (Reuters)

Euro zone will survive politics but banking a concern: ex-ECB head Trichet (Reuters)

Smoother Brexit Hopes for Banks But No Special Deal - U.K. ministers move to reassure the finance industry’s fears (WSJ)

The World's New Fear Gauge Is Ringing Alarm Bells in the Era of Trump - A key barometer of risk aversion soared after Trump's victory fueled a dollar rally (Bloomberg)

Prudential Regulation in an Age of Protectionism (Debevoise & Plimpton)

It’s Just No Fun Being a Swiss Banker Anymore - Heightened regulations, ultralow interest rates and a tech industry competing for talent have upended the profession (WSJ)

How to Fix the Volcker Rule - Regulating banks’ proprietary trading is wise. But a simpler rule is needed (WSJ Opinion)