News in Systemic Risk: Monday, August 11, 2025 (8:45 a.m. ET) August 11, 2025 Mind the App: do European deposits react to digitalisation? (Luisa Fascione, Juan Ignacio Jacoubian, Beatrice Scheubel, Livio Stracca, Nadya Wildmann; ECB) How central bankers speak about climate and what this means for financial markets (Emanuele Campiglio, Jérôme Deyris, Davide Romelli, Ginevra Scalisi; VoxEU) Trump Fed Nominee Brings Ally on Tariffs, Rates (Nick Timiraos; Wall Street Journal) Tariff inflation worry, debt deluge to prop up longer-term US Treasury yields: Reuters poll (Sarupya Ganguly; Reuters) America’s housing market is shuddering (The Economist; The 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