News in Systemic Risk: Thursday, January 25, 2024 (10:00 a.m. ET) January 25, 2024 Monetary policy decisions (ECB) Federal Reserve Board announces the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11 (Federal Reserve Board) Review of ring-fencing rules (Bank of England) SEC should reconsider proposed rules on capital lock-ups (Darrell Duffie; Financial Times) Faster deposit flows will affect bank runs, ECB paper says (Central Banking)