News in Systemic Risk: Wednesday, January 31, 2018 (10 a.m. ET)

A level playing field in banking  – Keynote address by Mr Agustín Carstens, General Manager of the BIS (BIS)

The limits of central bank financing in resolution – Speech by Yves Mersch, Member of the Executive Board of the ECB (ECB)

Kerstin af Jochnick: How the Riksbank contributes to financial stability (BIS)

Portfolio rebalancing and the transmission of large-scale asset programmes: evidence from the euro area (Ugo Albertazzi, Bo Becker, Miguel Boucinha; ECB)

What yield curves are telling us - Speech by Benoît Cœuré, Member of the Executive Board of the ECB (ECB)

Yellen Leaving Fed With Full Employment, but Her Legacy Still Is Being Written (WSJ)

Lack of volatility masking risk from shadow banks - Morgan Stanley boss (FT)

U.S. expands role for non-bank financial firms in repo clearing (Reuters)

U.S. Fed forms cost-benefit analysis unit as "calibrating," efficiency to guide regulation (Reuters)

China central bank: Cross-border yuan financing settings meant to curb 'herd' effects (Reuters)

China's small banks face uncertainties under new debt rules (Reuters)

Two-year transition for hard Brexit ‘practically impossible’ (FT)

EU to Gain ‘Tremendously’ From Equivalence to U.K., Carney Says (Bloomberg)

EU rejects Brexit trade deal for UK financial services sector (FT)

EU rejects Brexit plan for banks by Britain's financial industry (Reuters)

EU Softens Push to Keep Clients From Exiting Failing Banks (Bloomberg)