News in Systemic Risk: Thursday, December 18, 2025 (9:45 a.m.) December 18, 2025 In the Shadow of Bank Runs: Lessons from the Silicon Valley Bank Failure and Its Impact on Stablecoins (Chuan Du, Ria Sonawane, and Cy Watsky; Federal Reserve) Resilience, Innovation and the Future of the Payments System (Brad Jones; Reserve Bank of Australia) Bank recapitalisation versus firm support: A fiscal criterion for crisis policy (Markus Haavio, Antti Ripatti, and Tuomas Takalo; VoxEU) Canada’s Big Banks See No Change to Regulatory Capital Requirement Despite Risks (Robb M. Stewart; WSJ) Federal Reserve Board publishes first of several staff manuals for the supervision of the largest and most complex banks (Federal Reserve) New capital requirements will reduce borrowing costs – RBNZ (Central Banking) Related Stories Yale Program on Financial Stability Presents Financial Crisis-Fighting Playbook June 24, 2025 Master’s Degree in Systemic Risk Fed Official Michael Barr Provides an Inside Look at Crisis Response February 26, 2025 Program on Financial Stability High School Students Visit Yale SOM for Introduction to Careers in Business and Economics August 20, 2024 Program on Financial Stability
Yale Program on Financial Stability Presents Financial Crisis-Fighting Playbook June 24, 2025 Master’s Degree in Systemic Risk
Fed Official Michael Barr Provides an Inside Look at Crisis Response February 26, 2025 Program on Financial Stability
High School Students Visit Yale SOM for Introduction to Careers in Business and Economics August 20, 2024 Program on Financial Stability
