News in Systemic Risk: Tuesday, February 18, 2025 (9:45 a.m. ET) February 18, 2025 Bank Transparency and Market Efficiency (Andreas Beyer, Ernest Dautović; European Central Bank) Envisioning Tomorrow: The Role of CBDCs in Europe's Digital Financial Ecosystem (Burkhard Balz; Deutsche Bundesbank) Rachel Reeves to order audit of UK’s 130 regulators in bid to cut red tape (George Parker, Ortenca Aliaj, Jim Pickard; Financial Times) Looming US Basel endgame redraft sparks calls to save IRB (Menghan Xiao; Central Banking) 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