News in Systemic Risk: Wednesday, July 21, 2021 (10 a.m. ET) July 21, 2021 Euro area bank lending survey (European Central Bank) Un-used Bank Capital Buffers and Credit Supply Shocks at SMEs during the Pandemic (Jose M. Berrospide, Arun Gupta, Matthew P. Seay; Federal Reserve Board of Governors) Reforming the macroprudential regulatory architecture in the US (Kathryn Judge, Anil Kashyap; VoxEU) Financial Dollarization in Emerging Markets: Efficient Risk Sharing or Prescription for Disaster? (Lawrence Christiano, Hüsnü Dalgic & Armen Nurbekyan; National Bureau of Economic Research) What does the ECB’s new target mean in practice? (The Economist) Related Stories Fed Official Michael Barr Provides an Inside Look at Crisis Response 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