News in Systemic Risk: Thursday, October 2, 2025 (9:45 a.m.) October 2, 2025 The global trade war: An update (Warwick J. McKibbin, Marcus Noland and Geoffrey Shuetrim; PIIE) Division of Corporation Finance Actions During Government Shutdown (SEC) SEC Continues Efforts to Assist Market Participants During Implementation of Treasury Clearing Rules (SEC) 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