The SEC's private fund data collection encountered accuracy and consistency problems that hampered the FSOC's ability to evaluate the systemic risk of private funds.
Source quote, verbatim
The paper created and evaluated data evidence that demonstrated that the SEC's data collection encountered accuracy and consistency problems that hampered the FSOC's ability to evaluate the systemic risk of private funds.141 The author
From
Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017), IV.2 Systemic Risk, p. 35 https://ssrn.com/abstract=2998097 · source PDF
Cite as
Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017). SSRN: https://ssrn.com/abstract=2998097
Holds when
SEC data collection under Title IV
FSOC systemic risk assessment
Classification
failuresupport: evidencedfailure: Inaccurate regulatory data undermines systemic risk assessmentfamily: data-quality-and-comparabilitysystemic-riskrisk-and-incentivesprivate-funds
Related claims
restateskaal:claim:2470008-002 Accuracy and consistency problems in the SEC's private fund data collection can impair the FSOC's ability to e...
extendskaal:claim:2470008-001 The SEC data collected from private fund advisers feeds every stage of the FSOC's systemic risk assessment, an...
supportskaal:claim:2470008-037 If the FSOC relies on inaccurate Form PF data in its systemic risk assessment, its work on private funds may i...
supportskaal:claim:2470008-040 Fixing the identified problems with Form PF data would help optimize the FSOC's systemic risk assessment of pr...
supersedeskaal:claim:2470008-003 Prior studies and anecdotal evidence indicate that the data collection mandated by Form PF could itself create...
supersedeskaal:claim:2470008-039 Matching the identified Form PF defects against the FSOC's specific uses of that data suggests possible inaccu...
supersedeskaal:claim:2447306-004 If advisers' allegations that Form PF disclosures cannot be answered other than by guessing are correct, then ...
supersedeskaal:claim:2470008-038 Private fund advisers reporting under Form PF encountered issues that could affect the FSOC's systemic risk as...
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