# kaal:claim:2470008-012

**Claim.** 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.

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

**Holds when.**

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

**Source quote.**

> 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.

**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.** private-funds, systemic-risk, risk-and-incentives, empirical-evidence

**Keywords.** fsa, hedge-funds, systemic-risk, regulatory-divergence, survey-evidence

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2748096-001
- extended_by: https://wulfkaal.github.io/claims/2748096-002

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.