News in Systemic Risk: Tuesday, July 5, 2022 (9 a.m. ET) July 5, 2022 ESMA stress test of Central Counterparties finds clearing system resilient (European Securities and Markets Authority) The Effects of Economic Shocks on Heterogeneous Inflation Expectations (Yoosoon Chang, Fabio Gómez-Rodriguez, Gee Hee Hong; International Monetary Fund) Big tech interdependencies – a key policy blind spot (Juan Carlos Crisanto, Johannes Ehrentraud, Marcos Fabian, Amélie Monteil; Bank for International Settlements) An Approach to Quantifying Operational Resilience Concepts (Chase Englund; The Federal Reserve) Joint Announcement of the People's Bank of China, the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority (The People's Bank of China) ECB takes further steps to incorporate climate change into its monetary policy operations (European Central Bank) Related Stories Yale Program on Financial Stability Presents Financial Crisis-Fighting Playbook June 24, 2025 Master’s Degree in Systemic Risk Fed Official Michael Barr Provides an Inside Look at Crisis Response February 26, 2025 Program on Financial Stability High School Students Visit Yale SOM for Introduction to Careers in Business and Economics August 20, 2024 Program on Financial Stability
Yale Program on Financial Stability Presents Financial Crisis-Fighting Playbook June 24, 2025 Master’s Degree in Systemic Risk
Fed Official Michael Barr Provides an Inside Look at Crisis Response February 26, 2025 Program on Financial Stability
High School Students Visit Yale SOM for Introduction to Careers in Business and Economics August 20, 2024 Program on Financial Stability