News in Systemic Risk: Friday, April 25, 2025 (9:45 a.m. ET) | Yale School of Management

The first year of the Eurosystem’s new operational framework (Benjamin Hartung, Tobias Linzert, Imène Rahmouni-Rousseau, Yannik Schneider and Marta Skrzypińska; ECB)

Agile supervision amid uncertainty (Sharon Donnery; ECB Banking Supervision)

The EBA publishes key indicators on climate risk in the EU/EEA banking sector (EBA)

ESMA assesses the risks posed by the use of leverage in the fund sector (ESMA)

Key elements of the 2025 CCP Stress Test (Bank of England)

External minimum requirements for own funds and eligible liabilities (MRELs) – 2025 (Bank of England)

Breaking the Trend: Debt Stabilization in Sub-Saharan Africa (Athene Laws, Thibault Lemaire, Rachid Pafadnam, Nikola Spatafora, and Khushboo Khandelwal; IMF)

FSB Chair calls for continued vigilance on financial sector vulnerabilities (FSB)

Federal Reserve Board announces the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities (Federal Reserve Board)

Financial Services Republicans eye cuts to PCAOB, OFR for GOP megabill (Jasper Goodman and Katherine Hapgood; Politico Pro)

Ethiopian governor hails benefits of central bank reforms (Aditya Anand Kumar; Central Banking)

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