News in Systemic Risk: Thursday, August 21, 2025 (8:45 a.m. ET) August 21, 2025 Six central banks report increase in AML/CFT risks (centralbanking.com; centralbanking.com) Exclusive: China considering yuan-backed stablecoins to boost global currency usage, sources say (Reuters; Reuters) Securitisation as the baddie? Europe can flip that script (Jennifer Hughes; Financial Times) EU, US Lay Out Next Steps on Tariffs to Rebalance Trade Ties (Jennifer A Dlouhy and Alberto Nardelli; Bloomberg) 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
