kaal:claim:2470008-012

National regulators reached opposite conclusions on the same question: unlike the OFR, FSB and IOSCO, the United Kingdom's Financial Services Authority concluded from its first comprehensive survey of London's hedge fund industry that the industry poses no systemic risk.

In contrast with the OFR, FSB and IOSCO, the Financial Services Authority (FSA) in the United Kingdom concluded in its first comprehensive survey of London's hedge fund industry that the hedge fund industry poses no systemic risk to the financial system.

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

• London hedge fund industry as surveyed by the FSA
• conditions prevailing at the time of the survey

empiricalsupport: evidencedprivate-fundssystemic-riskrisk-and-incentivesempirical-evidence

• restated_by kaal:claim:2748096-001 Government assessments of hedge fund systemic risk conflict directly: the OFR, FSB, and IOSCO treat private fu...
• extended_by kaal:claim:2748096-002 Despite conflicting government reports, the weight of post-crisis evidence from leading financial economists s...

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