# kaal:claim:1806252-020

**Claim.** 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.

**Type.** predictive  **Support.** argued

**Holds when.**

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

**Source quote.**

> 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.

**From.** Kaal, *Hedge Fund Regulation Via Basel III* (2011), III.1.c Impact Assessment, page 21

**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

**Failure mode.** retaliatory-escalation  (family: other)

**Topics.** institutional-design

**Keywords.** aifm-directive, retaliation, protectionism, european-union, financial-services

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.