News in Systemic Risk: Tuesday, May 16, 2023 (10:00 a.m. ET) May 16, 2023 Supervision and Regulation Report (Federal Reserve Board) The extraordinary generosity of central banks towards banks: Some reflections on its origin (Paul De Grauwe, Yuemei Ji; VoxEU) The Commission’s Crisis Management and Deposit Insurance proposal has the potential to significantly improve banking resolution in the EU (Mathias Dewatripont Peter Praet André Sapir; VoxEU) Skilfully sailing through stormy waters (Anneli Tuominen; European Central Bank) EU supervision of banks’ credit risk (European Court of Auditors)