# kaal:claim:1806252-026

**Claim.** 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.

**Type.** design  **Support.** argued

**Holds when.**

- the bank has joined the Basel framework

**Source quote.**

> 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.

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

**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, economics, dynamic-regulation

**Keywords.** basel-iii, implementation-costs, transaction-costs, regulatory-design

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3405660-040

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