kaal:claim:1806252-024

Legislators had disincentives to impose harsher requirements on the hedge fund industry before the crisis, because harsher regulation could have driven franchise taxes and other business to offshore centers.

Legislators also had disincentives to impose harsher requirements on the hedge fund industry, because harsher regulation could have resulted in a loss of franchise taxes and other business to offshore centers.

Kaal, Hedge Fund Regulation Via Basel III (2011), V. AN ALTERNATIVE APPROACH TO HEDGE FUND REGULATION, p. 61
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

• a significant number of hedge funds operate through offshore centers

mechanismsupport: arguedregulatory-failurelaw-and-legal-systemseconomicsprivate-funds

• extended_by kaal:claim:3405660-015 Coordinated international cooperation in hedge fund regulation will ultimately be hindered by administrative c...
• extended_by kaal:claim:3405660-001 Direct hedge fund regulation faces a two sided trap: strong direct rules push hedge funds offshore where they ...

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• Extension: III The Hedge Fund Industry: Structure, Size, and Performance
• Qualification: The SEC’s Ineffective Move toward Greater Regulation of Offshore Hedge Funds: The Failure of the Hedge Fund Registration Requirement
• Qualification: The Law and Economics of Hedge Fund Regulation: A Comparison between the U.S. and the EU