If the FSOC relies on inaccurate Form PF data in its systemic risk assessment, its work on private funds may itself be erroneous.
Source quote, verbatim
If FSOC relies on Form PF data in its systemic risk assessment that is subject to inaccuracies, it appears possible that FSOC's work pertaining to private funds could in turn be subject to errors.
Wulf A. Kaal, The Systemic Risk of Private Funds after the Dodd-Frank Act (2014). SSRN: https://ssrn.com/abstract=2470008
Holds when
FSOC reliance on Form PF data subject to inaccuracies
Classification
conditionsupport: arguedfailure: Error propagation from filings to designationfamily: data-quality-and-comparabilitysystemic-riskprivate-fundsrisk-and-incentives
Related claims
extended_bykaal:claim:2998097-025 If the FSOC relies on Form PF data that is subject to inaccuracies, because uncertain filers complete the form...
extendskaal:claim:2348463-022 Form PF disclosures have not been standardized, and anecdotal evidence indicates that the SEC and the FSOC may...
supported_bykaal:claim:2998097-022 The FSOC relied most heavily on some of the most problematic disclosure items the SEC collects, even though SE...
extendskaal:claim:2348463-007 The SEC has not standardized the disclosures required in Form PF, and there is evidence that Form PF requireme...
supported_bykaal:claim:2998097-021 The SEC's private fund data collection encountered accuracy and consistency problems that hampered the FSOC's ...
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