kaal:claim:2748096-015

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

Classification

failuresupport: arguedfailure: misdirected regulatory focusfamily: supervisory-capacity-gaprisk-and-incentivesdisclosure

Verify

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Attestation record: colloquium/attestations/98bfd0057168e4a4...json
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