Regulating entities and activities: Complementary approaches to nonbank systemic risk
Speaker
Jeremy Kress, Assistant Professor of Business LawDate & time
Sep 13, 2018,
12:00-1:00 pm EDT
Location
The recent financial crisis demonstrated that, contrary to longstanding regulatory assumptions, nonbank financial firms—such as investment banks and insurance companies—can propagate systemic risk throughout the financial system. After the crisis, policymakers in the United States and abroad developed two different strategies for dealing with nonbank systemic risk. The first strategy seeks to regulate individual nonbank entities that officials designate as being potentially systemically important.
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