News in Systemic Risk: Friday, July 21, 2023 (10:00 a.m. ET) July 21, 2023 Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live (Federal Reserve) Big Regional Banks Reported Stable Deposits. For Investors, That Counts as Great News. (Gina Heeb; Wall Street Journal) Brown, Scott show no rush on deposit insurance expansion (Eleanor Mueller; Politico) Bank regulators set to propose higher capital requirements July 27 (Victoria Guida; Politico) Related Stories Yale Program on Financial Stability Presents Financial Crisis-Fighting Playbook 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