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 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 Visiting Yale, Treasury Secretary Janet Yellen Hails Program on Financial Stability