News in Systemic Risk: Wednesday, January 20, 2021 (10 a.m. ET) January 20, 2021 Time to look again at the financial system’s dangerous faultlines (Paul Tucker; Financial Times) Does regulation only bite the less profitable? Evidence from the too-big-to-fail reforms (Tirupam Goel, Ulf Lewrick, Aakriti Mathur; Bank of International Settlements) The Role of Collateral in Borrowing (Nicholas Garvin, David W Hughes, José-Luis Peydró; Reserve Bank of Australia) International Yield Spillovers (Don H. Kim, Marcelo Ochoa; Federal Reserve Board of Governors) The interaction between macroprudential and monetary policy through global banks: New cross-country evidence from the International Banking Research Network (Matthieu Bussière, Jakob de Haan, Robert Hills; VoxEU) ECB Is Capping Bond Yields But Don’t Call It Yield Curve Control (Jana Randow, Jeannette Neumann; Bloomberg) Yellen Makes Case for Sweeping Stimulus Package in Face of GOP Skepticism (Kate Davidson; Wall Street Journal) Related Stories High School Students Visit Yale SOM for Introduction to Careers in Business and Economics Visiting Yale, Treasury Secretary Janet Yellen Hails Program on Financial Stability Program on Financial Stability Receives $7.5 million