# kaal:claim:1806252-016

**Claim.** Even if hedge fund investing does have systemic implications, systemic risk is multifaceted enough that addressing it could require more than one regulator in a single jurisdiction, so the SEC alone may be unable to accomplish the task.

**Type.** condition  **Support.** argued

**Holds when.**

- systemic risk is difficult to measure and the required information is widely dispersed

**Source quote.**

> Even assuming that systemic implications arise from hedge fund investing, systemic risk is such a multifaceted issue that it could require the involvement of more than one regulator in one jurisdiction.

**From.** Kaal, *Hedge Fund Regulation Via Basel III* (2011), III.2.c.2 SEC's Rulemaking Authority, page 41

**Cite as.** Kaal, Hedge Fund Regulation Via Basel III (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1806252

**Verify.** sha256 of source PDF `3343ebfe05a925c3d1a75625c4b351ccff515c50819a48d155804daacf01429d` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202011%20-%20Hedge%20Fund%20Regulation%20Via%20Basel%20III.pdf

**Topics.** systemic-risk, risk-and-incentives, institutional-design, securities-law

**Keywords.** systemic-risk, regulatory-coordination, sec, institutional-capacity

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