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 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