News in Systemic Risk: Thursday, August 17, 2023 (10:00 a.m. ET) August 17, 2023 Risk Review 2023 (Federal Deposit Insurance Corporation) The dangerous role of America’s weird lenders-of-next-to-last resort (Stephen Cecchetti, Kim Schoenholtz, Lawrence White; Financial Times) Chinese asset manager signals debt overhaul, stokes contagion fears (Jason Xue, Clare Jim; Reuters) Investors Need to Worry About the Bond Market’s Return to Normality (James Mackintosh; Wall Street Journal)