Jeremy Kress

Precrisis, there was a longstanding assumption that banks were the only types of financial companies that could pose systemic risk.
As you noted, during the crisis that was proved un-true. Investment banks, insurance companies, other nonbanks precipitated the economic collapse. (p10-11)

— Jeremy C. Kress, Assistant Professor of Business Law, University of Michigan Ross School of Business

2019 0314 – GOV (Senate) – Financial Stability Oversight Council Nonbank Designation, Mike Crapo (R-ID) – [PDF-123p, VIDEO-Senate-Page]

2018 – LR – The Last SIFI: The Unwise and Illegal Deregulation of Prudential Financial, by Jeremy C. Kress, Stanford Law Review, V71 – 12p
2018 – LR – Activities Are Not Enough!: Why Nonbank SIFI Designations Are Essential to Prevent Systemic Risk by Jeremy C. Kress, Patricia A. Mccoy and Daniel Schwarcz – 19p-download link
2018 – LR – Regulating Entities and Activities: Complementary Approaches to Nonbank Systemic Risk, by Jeremy C. Kress, Patricia A. Mccoy and Daniel Schwarcz – 74p

2022 – LR – Evolving Approaches to Systemic Risk Regulation in Insurance, by Jeremy C. Kress, Patricia A. Mccoy and Daniel Schwarcz – 26p-download link

2019 – Book – SYSTEMIC RISK IN THE FINANCIAL SECTOR: TEN YEARS AFTER THE GREAT CRASH
2011 – Book – RESEARCH HANDBOOK ON INTERNATIONAL INSURANCE LAW & REGULATION