kaal:claim:2470008-001

The SEC data collected from private fund advisers feeds every stage of the FSOC's systemic risk assessment, and the FSOC leans most heavily on precisely those disclosure items that are the most problematic.

The author shows that while the SEC's data plays a crucial role in all stages of FSOC's systemic risk assessment of private fund advisers, the FSOC relies most heavily on some of the most problematic disclosure items collected by the SEC.

Wulf A. Kaal, The Systemic Risk of Private Funds after the Dodd-Frank Act (2014), ABSTRACT
https://ssrn.com/abstract=2470008 · source PDF

Wulf A. Kaal, The Systemic Risk of Private Funds after the Dodd-Frank Act (2014). SSRN: https://ssrn.com/abstract=2470008

• private fund advisers reporting under SEC Form PF
• FSOC systemic risk assessment of nonbank financial companies

failuresupport: arguedfailure: Reliance concentrated on weakest datafamily: data-quality-and-comparabilityprivate-fundssystemic-riskrisk-and-incentives

• restated_by kaal:claim:2998097-022 The FSOC relied most heavily on some of the most problematic disclosure items the SEC collects, even though SE...
• extended_by kaal:claim:2998097-021 The SEC's private fund data collection encountered accuracy and consistency problems that hampered the FSOC's ...
• extends kaal:claim:2348463-022 Form PF disclosures have not been standardized, and anecdotal evidence indicates that the SEC and the FSOC may...
• extended_by kaal:claim:2998097-014 Because advisers and third party service providers can flatten out and sanitize the information disclosed in F...

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