kaal:claim:2998097-022

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.

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.

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

Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017). SSRN: https://ssrn.com/abstract=2998097

• FSOC systemic risk assessment of private funds
• post Dodd-Frank Form PF data

failuresupport: evidencedfailure: Regulator leans hardest on the weakest data itemsfamily: data-quality-and-comparabilitysystemic-riskprivate-fundsrisk-and-incentivesdisclosure

• restates kaal:claim:2470008-001 The SEC data collected from private fund advisers feeds every stage of the FSOC's systemic risk assessment, an...
• supports kaal:claim:2470008-040 Fixing the identified problems with Form PF data would help optimize the FSOC's systemic risk assessment of pr...
• supports kaal:claim:2470008-037 If the FSOC relies on inaccurate Form PF data in its systemic risk assessment, its work on private funds may i...
• supports kaal:claim:2470008-038 Private fund advisers reporting under Form PF encountered issues that could affect the FSOC's systemic risk as...
• supports kaal:claim:2470008-033 Because several core Form PF questions feeding the FSOC's stage one threshold screen are themselves defective,...
• supports kaal:claim:2470008-039 Matching the identified Form PF defects against the FSOC's specific uses of that data suggests possible inaccu...

The quote above is an exact substring of the source PDF, whose sha256 is 0955054f49c7011d33c285579bb046e6b284e42755b10fd2546a728c202669d5. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/452969bbbc635c27...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2998097-022.md | sha256sum