News in Systemic Risk: Wednesday, April 3, 2024 (10:00 a.m. ET) April 3, 2024 Hidden Debt Hurts Economies. Better Disclosure Laws Can Help Ease the Pain (International Monetary Fund) Euro zone inflation unexpectedly eases, boosting rate cut case (Balazs Koranyi; Reuters) Bank Liquidity, Regulation, and the Fed's Role as Lender of Last Resort (Governor Michelle W. Bowman; Reuters) Physical Climate Risk and Insurers (Hyeyoon Jung, Robert Engle, Shan Ge, and Xuran Zeng; Reuters) RBA to shift to “ample reserves” operational framework (Jimmy Choi; Central Banking) China’s banks have a bad-debt problem (Economist) Related Stories Yale Program on Financial Stability Presents Financial Crisis-Fighting Playbook Fed Official Michael Barr Provides an Inside Look at Crisis Response High School Students Visit Yale SOM for Introduction to Careers in Business and Economics