kaal:claim:2748096-027

The FSOC's powers over hedge funds and other nonbank financial institutions are broad and unprecedented in U.S. financial regulation, including the power to subject hedge funds to extensive Federal Reserve supervision and to designate a fund systemically important on its own initiative by a two-thirds vote.

Source quote, verbatim

The FSOC's powers over hedge funds and other nonbank financial institutions are broad and unprecedented in U.S. financial regulation. The FSOC has the power to subject hedge funds to extensive supervision by the Federal Reserve.

From

Wulf A. Kaal, Timothy A. Krause, Hedge Funds and Systemic Risk (2016), Financial Stability Oversight Council, p. 10
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

post-Dodd-Frank U.S. regulatory structure

Classification

empiricalsupport: assertedsystemic-risk

Related claims

extends kaal:claim:2470008-015 The FSOC's powers over nonbank financial institutions are broad and without precedent in United States financi...

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