kaal:claim:2748096-001

Government assessments of hedge fund systemic risk conflict directly: the OFR, FSB, and IOSCO treat private fund activities as important threats to the financial system, while the UK Financial Services Authority concluded from its first comprehensive survey of London's private fund industry that hedge funds pose no systemic risk.

Source quote, verbatim

By contrast, the Financial Services Authority (FSA) (2010) in the United Kingdom concluded in its first comprehensive survey of London's private fund industry that the hedge fund industry poses no systemic risk to the financial system.

From

Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016), INTRODUCTION, p. 2
https://ssrn.com/abstract=2748096 · source PDF

Cite as

Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016). SSRN: https://ssrn.com/abstract=2748096

Holds when

comparison of post-crisis U.S. and UK regulator reports

Classification

empiricalsupport: evidencedprivate-fundssystemic-riskrisk-and-incentives

Related claims

restates kaal:claim:2470008-012 National regulators reached opposite conclusions on the same question: unlike the OFR, FSB and IOSCO, the Unit...

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