The global financial crisis of 2007-09 has illustrated the importance of including funding liquidity feedbacks in any model of systemic risk. This paper illustrates how we have incorporated such channels into a risk assessment model for systemic institutions (RAMSI), and it outlines the Bank of England's plans to use RAMSI to sharpen its assessment of institution-specific and systemwide All authors are with the Bank of England except Prasanna Gai, who is with the Australian National University, and Nada Mora, who is with the Federal Reserve Bank of Kansas City. The RAMSI project represents a major investment of Bank of England resources, and we are grateful to many people both inside and outside the Bank of England for their contributions. In particular, the National Bank of Austria has been very generous in providing guidance and significant analytical contributions. The analysis in this paper has benefited from encouragement and contributions from Viral Acharya, Niki

The global financial crisis of 2007-09 has illustrated the importance of including funding liquidity feedbacks in any model of systemic risk. This paper illustrates how we have incorporated such channels into a risk assessment model for systemic institutions (RAMSI), and it outlines the Bank of England's plans to use RAMSI to sharpen its assessment of institution-specific and systemwide All authors are with the Bank of England except Prasanna Gai, who is with the Australian National University, and Nada Mora, who is with the Federal Reserve Bank of Kansas City. The RAMSI project represents a major investment of Bank of England resources, and we are grateful to many people both inside and outside the Bank of England for their contributions. In particular, the National Bank of Austria has been very generous in providing guidance and significant analytical contributions. The analysis in this paper has benefited from encouragement and contributions from Viral Acharya, Niki