News in Systemic Risk: Thursday, September 25, 2025 (9:45 a.m.) September 25, 2025 Shadow banking’s real danger: death by a thousand paper cuts (Financial Times) Labour markets at a crossroads: softening trends amid elevated uncertainty (Leonardo Gambacorta, Enisse Kharroubi, Emanuel Kohlscheen and Ko Munakata; BIS) Economic Outlook (Chair Jerome H. Powell; FRB) 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
