kaal:claim:2715083-026

FSOC's SIFI designation framework does not distinguish between mutual and hedge funds, even though evidence indicates designation would have disparate effects on the two asset classes.

Source quote, verbatim

While evidence exists that SIFI designation could have disparate affects on mutual and hedge funds (Stevens Letter (2015), the applicable regulatory framework does not distinguish between the two asset classes.44

From

Kaal, Confluence of Mutual and Private Funds (2016), IV.2 Regulation, p. 15
https://ssrn.com/abstract=2715083 · source PDF

Cite as

Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083

Holds when

FSOC three stage nonbank SIFI designation process
12 C.F.R. 1310 app. A

Classification

failuresupport: arguedfailure: Asset class blind SIFI designationfamily: measurement-and-metric-failuresystemic-riskrisk-and-incentives

Verify

The quote above is an exact substring of the source PDF, whose sha256 is b5c92186260d4a8499a14f81ee24ace093b24e7740af3effcd1c526fa4fa221e. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/2873fc9696a9be9d...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2715083-026.md | sha256sum