News in Systemic Risk: Wednesday, July 19, 2023 (10:00 a.m. ET) July 19, 2023 Working Paper: Unobserved components model(s): output gaps and financial cycles (Justine Guillochon and Julien Le Roux; ECB) The EBA publishes final guidance on the overall recovery capacity in recovery planning (European Banking Authority) ESMA Proposes Revised Technical Standards on Anti-Procyclicality Margin Measures (ESMA) Building future-proof cyber security in the financial system (Central Banking) 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