News in Systemic Risk: Wednesday, March 26, 2025 (9:45 a.m. ET) March 26, 2025 Private safe-asset supply and instability (Madalen Castells-Jauregui; ECB) Effects of monetary policy on labour income: the role of the employer (Alina Bobasu and Amalia Repele; ECB) Large central banks more likely to have diversity policy (Central Banking staff; Central Banking) Borrower-lender ties key in policy transmission - BoE research (Central Banking Newsdesk; Central Banking) US banks create ‘new payment rail’ with tokenised deposits (Central Banking Newsdesk) 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