# kaal:claim:2998097-022

**Claim.** 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.

**Type.** failure  **Support.** evidenced

**Holds when.**

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

**Source quote.**

> 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, page 35

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

**Verify.** sha256 of source PDF `0955054f49c7011d33c285579bb046e6b284e42755b10fd2546a728c202669d5` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Private%20Investment%20Fund%20Regulation%20-%20Theory%20and%20Empirical%20Evidence%20from%201998%20to%202016.pdf

**Failure mode.** Regulator leans hardest on the weakest data items  (family: data-quality-and-comparability)

**Topics.** systemic-risk, private-funds, risk-and-incentives, disclosure

**Keywords.** fsoc, form-pf, systemic-risk, disclosure-quality

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2470008-001
- supports: https://wulfkaal.github.io/claims/2470008-040
- supports: https://wulfkaal.github.io/claims/2470008-037
- supports: https://wulfkaal.github.io/claims/2470008-038
- supports: https://wulfkaal.github.io/claims/2470008-033
- supports: https://wulfkaal.github.io/claims/2470008-039

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.