The FSOC relied most heavily on some of the most problematic disclosure items the SEC collects, even though SEC data played a crucial role at every stage of its systemic risk assessment of private funds.
Source quote, verbatim
The author showed that while the SEC's data played a crucial role in all stages of FSOC's systemic risk assessment of private funds, the FSOC relied most heavily on some of the most problematic disclosure items collected by the SEC.
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
FSOC systemic risk assessment of private funds
post Dodd-Frank Form PF data
Classification
failuresupport: evidencedfailure: Regulator leans hardest on the weakest data itemsfamily: data-quality-and-comparabilitysystemic-riskprivate-fundsrisk-and-incentivesdisclosure
Related claims
restateskaal:claim:2470008-001 The SEC data collected from private fund advisers feeds every stage of the FSOC's systemic risk assessment, an...
supportskaal:claim:2470008-040 Fixing the identified problems with Form PF data would help optimize the FSOC's systemic risk assessment of pr...
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:2470008-038 Private fund advisers reporting under Form PF encountered issues that could affect the FSOC's systemic risk as...
supportskaal:claim:2470008-033 Because several core Form PF questions feeding the FSOC's stage one threshold screen are themselves defective,...
supportskaal:claim:2470008-039 Matching the identified Form PF defects against the FSOC's specific uses of that data suggests possible inaccu...
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