Pre-crisis regulatory attention was misallocated: although Bernanke identified failure to manage counterparty risk as the primary cause for concern, the SEC and the Senate Banking Committee concentrated on hedge fund transparency instead.
Source quote, verbatim
The focus of both of these entities, however, centers more on the issue of hedge fund transparency than on counterparty risk.
From
Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016), Hedge Funds' Contributions to the Financial Crisis of 2007-2008, p. 6 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
U.S. regulatory response between the 1998 LTCM failure and the 2007-2008 crisis
The quote above is an exact substring of the source PDF, whose sha256 is 8f30260f2c1db728b45c4f3b9b7c64358cf9d3217277bc3c63a910c32f87b508. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/98bfd0057168e4a4...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2748096-015.md | sha256sum