News in Systemic Risk: Tuesday, March 18, 2025 (9:45 a.m. ET) March 18, 2025 Managing liquidity in a changing environment (Claudia Buch and Isabel Schnabel; European Central Bank) Trump picks Bowman to be Federal Reserve’s top bank cop (Michael Stratford; Politico Pro) TLTRO III and banks' loan book rebalancing during the pandemic: less 'targeted' than intended for some? (Claudio Corte Coi, Aristeidis Dadoukis, Hannah S. Hempell, and Elena Rancoita; European Central Bank) 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