kaal:claim:1806252-026

Implementing the hedge fund lending charge through Basel III would require no separate national implementation, because compliance falls on banks that have already joined the framework, so transaction costs for national regulators would be avoided.

Once the bank has signed on to join the framework, it would merely be the responsibility of the participating banks to comply with the framework. Hence, transaction costs for national regulators would be avoided.

Kaal, Hedge Fund Regulation Via Basel III (2011), V.4 Hedge Fund Regulation via Basel III, p. 73
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

• the bank has joined the Basel framework

designsupport: arguedsystemic-riskeconomicsdynamic-regulation

• restated_by kaal:claim:3405660-040 Indirect regulation through Basel banking supervision removes the need for joint regulatory action and avoids ...

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