# kaal:claim:2470008-011

**Claim.** International regulators agree on designation criteria but not on the unit of assessment: the FSB and IOSCO assess systemic importance at the fund level while the OFR would assess it at the asset manager level with all funds combined.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- designation of globally active investment funds as systemically important

**Source quote.**

> Although the proposed designation criteria are similar, the FSB and IOSCO emphasize the assessment of systemic importance at the fund-level, while the OFR suggests systemic assessment at the asset manager-level with all funds combined.

**From.** Wulf A. Kaal, *The Systemic Risk of Private Funds after the Dodd-Frank Act* (2014), II. Systemic Risk of Private Funds

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

**Verify.** sha256 of source PDF `5f68a401c935527d89658171e9b48a4d186710459aaf2bdbead755507394e8c9` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202014%20-%20The%20Systemic%20Risk%20of%20Private%20Funds%20after%20the%20Dodd-Frank%20Act.pdf

**Topics.** systemic-risk, institutional-design

**Keywords.** fsb, iosco, ofr, sifi-designation, regulatory-coordination

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