News in Systemic Risk: Friday, October 3, 2025 (9:45 a.m.) October 3, 2025 Lagarde: ECB should supervise non-banks to prevent rerun of 2008 (Central Banking) Parsing the pulse: decomposing macroeconomic sentiment with LLMs (Byeungchun Kwon, Taejin Park, Phurichai Rungcharoenkitkul and Frank Smets; BIS) Basel Committee reports further progress on Basel III implementation (BIS) 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
