News in Systemic Risk: Wednesday, April 12, 2023 (10:00 a.m. ET) April 12, 2023 Fed Official: ‘We Need to Be Cautious’ on Raising Rates After Bank Failures (Nick Timiraos; Wall Street Journal) Global financial regulator calls for tougher rules after bank panic (Laura Noonan; Financial Times) Life is getting tough for borrowers. Where will the pain be felt? (The Economist) Fed’s Meeting Minutes to Detail How Officials Weighed Bank Risks (Catarina Saraiva; Bloomberg)