News in Systemic Risk: Wednesday, October 12, 2022 (10:00 a.m. ET) October 12, 2022 With Abundant Reserves, Do Banks Adjust Reserve Balances to Accommodate Payment Flows? (Adam Copeland, Catherine Huang, Kailey Kraft; Federal Reserve Bank of New York) The fiscal costs of leaning-against-the-wind exchange rate interventions (Juan Francisco Gómez, Eduardo Levy Yeyati; VoxEU) Real estate markets, financial stability and macroprudential policy (Jan Hannes Lang, Markus Behn, Barbara Jarmulska, Marco Lo Duca; European Central Bank) Bank of England says ‘lessons must be learned’ from pensions crisis (Laura Noonan; Financial Times) Bailey Risks BOE Credibility in Vow to End Gilt Buying (Philip Aldrick; Bloomberg) Bank of Korea’s Rhee Warns of Slower Growth After Outsized Hikes (Sam Kim, Hooyeon Kim; Bloomberg)