kaal:claim:2348463-018

Bankruptcy and systemic risk disclosure obligations for hedge funds have different origins and serve different purposes: bankruptcy disclosure is meant to level the playing field in the restructuring process, while systemic risk disclosure is meant to help regulators detect and prevent systemic consequences.

Source quote, verbatim
Bankruptcy and systemic risk disclosure obligations for hedge funds have different origins and are intended for different purposes. Bankruptcy disclosures are generally intended to level the playing field in the bankruptcy and restructuring process.
From

Wulf A. Kaal, Hedge Funds’ Systemic Risk Disclosures in Bankruptcy (2013), III. SYSTEMIC RISK AND BANKRUPTCY DISCLOSURE COMMONALITIES, p. 23
https://ssrn.com/abstract=2348463 · source PDF

Cite as

Wulf A. Kaal, Hedge Funds’ Systemic Risk Disclosures in Bankruptcy (2013). SSRN: https://ssrn.com/abstract=2348463

Classification

definitionalsupport: arguedsystemic-riskdisclosurerisk-and-incentives

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