Type: Public event

Regulating entities and activities: Complementary approaches to nonbank systemic risk

Speaker

Jeremy Kress, Assistant Professor of Business Law

Date & 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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