News in Systemic Risk: Wednesday, January 22, 2020 (10 a.m. ET)

Global Monitoring Report on Non-Bank Financial Intermediation 2019 (Financial Stability Board)

Supervising banks: profits, transparency and Brexit (Michael Steen; European Central Bank)

EBA consults on the future of the EU-wide stress test framework (European Banking Authority)

Spontaneity and Order: Transparency, Accountability, and Fairness in Bank Supervision (Randal Quarles; Board of Governors of the Federal Reserve)

The Financial Sector in the 2020s: Building a More Inclusive System in the New Decade (Kristalina Georgieva; International Monetary Fund)

Monetary Policy Is Not Always Systematic and Data-Driven: Evidence from the Yield Curve (Ales Bulir, Jan Vlcek; International Monetary Fund)

CEOs Show Optimism at Davos, Despite Gloomy Data (Chip Cummins, Marie Beaudette; Wall Street Journal)

Book notes: The long journey of central bank communication, by Otmar Issing (Anand Sinha; CentralBanking)