News in Systemic Risk: Wednesday, January 25, 2017 (10 a.m. ET)

Treasury Nominee Steven Mnuchin Says Bank Regulation Should Be Tailored to Activity - Donald Trump’s nominee for Treasury Secretary says banks should not be overseen based on size alone (WSJ)

How Safe Should the Financial System Be? - Congress needs to answer that, says Nellie Liang, who recently stepped down as director of the Fed’s financial-stability division (WSJ)

FSB:  FSB publishes reports on the re-hypothecation of client assets and collateral re-use

ECB’s Peter Praet: Towards Banking Union

ECB’s Danièle Nouy:  New Year’s resolutions for a stable banking sector

ECB:  Results of the December 2016 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets

OFR:  Lessons from the Financial Crisis — Eight Years Later

Bank of England’s Chris Salmon:  Market Functioning