Systemic risks threaten the stability of social and natural systems, which are of vital importance to our general well-being, as e.g. the financial system and the climate system. Traditional legal instruments are, however, ineffective in preventing such risk. This became obvious most recently during the financial crisis of 2008/9.
Ann-Katrin Kaufhold specifies the characteristics and establishes a legal definition of systemic risk, distinguishing it from the traditional categories of danger and risk,.She defines the standards, that a supervisory regime has to meet in order to be both effective and lawful. Systemic Supervision is thereby established as a new and unique form of supervision.

Autorentext
Geboren 1976; Studium der Rechtswissenschaften in Passau, Toulouse I und Freiburg i.Br.; 2006 Promotion; 2015 Habilitation; Inhaberin des Lehrstuhls für Staats- und Verwaltungsrecht an der Ludwig-Maximilians-Universität München.