News in Systemic Risk: Wednesday, May 31, 2023 (10:00 a.m. ET) May 31, 2023 Financial stability outlook remains fragile, ECB review finds (European Central Bank) Do Economic Crises in Europe Affect the U.S.? Some Lessons from the Past Three Decades (Ozge Akinci, Paolo Pesenti; FRBNY Research) Developments in and Characteristics of Japan's FX Market: An Analysis Based on the 2022 BIS Triennial Central Bank Survey (Watanabe Kota, Hari Kyosuke, Sawada Natsu, Bessho Hidemi; Bank of Japan) Wuhan’s finance regulator asks hundreds of firms to repay debts (Jimmy Choi; Central Banking) Zimbabwe Central Bank Sees FX Rate Converging With Black Market (Ray Ndlovu; Bloomberg)