Discussion Paper
SRISKv2 - A Note
Migueis, Marco; Jiron, Alexander (2020-09-18)
SRISK is a very influential metric of the systemic risk posed by financial firms. However, SRISK suffers from a conceptual flaw in its capital shortfall calculation. This note proposes a modified version of this metric, SRISKv2, which corrects this flaw and provides a more sensible metric of the systemic risk posed by financial firms.
FEDS Notes , Paper 2020-09-18-2

Discussion Paper
The Pandemic's Impact on Credit Risk: Averted or Delayed?
Byun, Sung Je; Game, Aaron L.; Jiron, Alexander; Kapinos, Pavel; Klemme, Kelly; Loudis, Bert (2021-07-30)
The COVID-19 recession resulted in historic unemployment and a significant shock to much of the service sector. Despite these macroeconomic challenges, banks' risk-based capital buffers remain high and the number of bank failures remains low. Government relief programs, including the Coronavirus Aid, Relief, and Economic Security (CARES) Act, both directly and indirectly helped stabilize bank balance sheets during the crisis.
FEDS Notes , Paper 2021-07-30-3