News in Systemic Risk: Thursday, February 20, 2025 (9:45 a.m. ET) February 20, 2025 Rewiring repo (Jin-Wook Chang, Elizabeth Klee, Vladimir Yankov; Federal Reserve Board Research) Proportionate margining for repo transactions (R. Jay Kahn, Matthew McCormick; Federal Reserve Board Research) Debt Vulnerabilities And Financing Challenges In Emerging Markets And Developing Economies—An Overview Of Key Data (International Monetary Fund) Fed governors differ on best way to deal with Trump uncertainty (Central Banking) Eurosystem expands initiative to settle DLT-based transactions in central bank money (European Central Bank) Related Stories THE WASHINGTON POST: Do the facts support Trump’s claims? We asked AI. A New Application Structure and Other Updates from the GBS Program A New Application Structure and Other Updates from the MAM Program