News in Systemic Risk: Thursday, January 27, 2022 (10 a.m. ET) January 27, 2022 Federal Reserve issues FOMC statement (Federal Reserve Board of Governors) Reflections on the Fed and risks to financial stability (Randal Quarles; Office of Monetary and Financial Institutions Forum) Monetary policy expectation errors (Maik Schmeling, Andreas Schrimpf, Sigurd A. M. Steffensen; Bank for International Settlements) Virtual banking and beyond (Sally Chen, Derryl D'Silva, Frank Packer, Siddharth Tiwari; Bank for International Settlements) Mitigating systemic cyber risk (European Systemic Risk Board) Macro-financial scenarios for the 2022 climate risk stress test (ECB Banking Supervision)