kaal:claim:1806252-020

Discrimination against non-EU jurisdictions under the AIFM Directive could provoke retaliatory action, and retaliation combined with a lack of intra-European cooperation could damage the European financial services industry and the whole European economy.

Discrimination against non-EU jurisdictions could provoke retaliatory action. As a consequence, retaliatory actions and a lack of intra-European cooperation could damage the European financial services industry and the whole European economy.

Kaal, Hedge Fund Regulation Via Basel III (2011), III.1.c Impact Assessment, p. 21
https://ssrn.com/abstract=1806252 · source PDF

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

• obstacles to EU market access for non-EU funds and managers persist

predictivesupport: arguedfailure: retaliatory-escalationfamily: otherinstitutional-design

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