News in Systemic Risk: Tuesday, July 18, 2023 (10:00 a.m. ET) July 18, 2023 Climate-Related Financial Risks (Michael S. Gibson; Federal Reserve) FSB finalises global regulatory framework for crypto-asset activities (Financial Stability Board) IMF Managing Director Kristalina Georgieva Urges G20 Leadership to Strengthen the Global Financial Safety Net (IMF) Big Banks’ Earnings Have Some Bad News for Smaller Banks (Telis Demos; Wall Street Journal) US bank mergers frozen by capital rules, regulatory uncertainty (Tatiana Bautzer and Saeed Azhar; Reuters) Related Stories High School Students Visit Yale SOM for Introduction to Careers in Business and Economics Visiting Yale, Treasury Secretary Janet Yellen Hails Program on Financial Stability Program on Financial Stability Receives $7.5 million