# kaal:claim:2470008-034

**Claim.** Because the FSOC uses RAUM related valuations directly and indirectly to set stage one thresholds, and because RAUM requires substantial filer interpretation, it is questionable whether the FSOC can use that Form PF data effectively and sustainably for systemic risk evaluations and SIFI designations.

**Type.** failure  **Support.** argued

**Holds when.**

- stage one thresholds computed from RAUM related asset valuations
- Form PF Questions 8, 9, 13, 44, 46, and 58

**Source quote.**

> it seems at least questionable if FSOC will be able to use the related Form PF data effectively and sustainably for its systemic risk evaluations and the designation of non-bank financial companies as systemically risky

**From.** Wulf A. Kaal, *The Systemic Risk of Private Funds after the Dodd-Frank Act* (2014), 2. Impact on Systemic Risk Assessment

**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

**Failure mode.** Interpretation dependent RAUM drives thresholds  (family: definitional-ambiguity)

**Topics.** private-funds, systemic-risk

**Keywords.** raum, fsoc, sifi-designation, form-pf, data-quality

**Superseded by.** A later claim revises this one. Prefer quoting: https://wulfkaal.github.io/claims/2998097-024

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