Under both the bankruptcy and the systemic risk disclosure regimes, filed data carries a serious risk of being out of date and less accurate at the time it is analyzed than when it was disclosed, partly because of the lag needed to collect data before filing.
Source quote, verbatim
It is important to note that for purposes of any analysis of filed data under either disclosure system, there is a serious risk that data may be out of date and less accurate when analysed than at the time when it was disclosed.
From
Wulf A. Kaal, Hedge Funds’ Systemic Risk Disclosures in Bankruptcy (2013), III. SYSTEMIC RISK AND BANKRUPTCY DISCLOSURE COMMONALITIES, p. 26 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
Holds when
any analysis of data filed under Revised Rule 2019 or Form PF
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