News in Systemic Risk: Thursday, September 11, 2025 (9:45 a.m.) September 11, 2025 Updated 2025 IFRS taxonomy introduced into the European Single Electronic Format (European Securities and Market Authority) What would happen if Congress repealed the Fed’s authority to pay interest on reserves? (William B. English and Donald Kohn; Brookings) Payment systems in the Americas: what have we achieved and what is left to do? (Alexandre Tombini; BIS) Firm Inflation, Soft Jobs Data Pull Fed in Opposing Directions (Rachel Louise Ensign and Nick Timiraos; The Wall Street Journal) 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