kaal:claim:3405660-013

A single global financial regulator is not a serious policy option because national political interests are incoherent and cannot readily be united to establish such a body.

Given national incoherent political interests and the problem of uniting them to set up an international body, the idea of a single global regulator is not on any serious agenda.

Kaal, Indirect Regulation of Hedge Funds (2019), III.1 National Direct Regulation, p. 14
https://ssrn.com/abstract=3405660 · source PDF

Kaal, Indirect Regulation of Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3405660

failuresupport: arguedfailure: global regulator infeasibilityfamily: harmonization-and-standardization-failureeconomicsdynamic-regulation

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