News in Systemic Risk: Monday, August 18, 2025 (9:45 a.m. ET)

Minimum gilt repo haircut could boost stability (Bank of England)

BoE’s Benjamin on market resilience, non-bank liquidity and the modern financial system (Thomas Chow and Daniel Hinge; CentralBanking.com)

Macroprudential and monetary policy interaction: the role of early activation of the countercyclical capital buffer (Carsten Detken, Hannah S. Hempell, and Mara Pirovano; European Central Bank)

The Fed Chair Doesn’t Set Rates by Himself. Here Are the Other Voting Members.(Matt Grossman; The Wall Street Journal)