# kaal:claim:3405660-013

**Claim.** 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.

**Type.** failure  **Support.** argued

**Source quote.**

> 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.

**From.** Kaal, *Indirect Regulation of Hedge Funds* (2019), III.1 National Direct Regulation, page 14

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

**Verify.** sha256 of source PDF `cf507b1833071765bc13a5605f38c2591582eca85f40869e38b6ff075c04d29d` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Indirect%20Regulation%20of%20Hedge%20Funds.pdf

**Failure mode.** global regulator infeasibility  (family: harmonization-and-standardization-failure)

**Topics.** economics, dynamic-regulation

**Keywords.** global-regulator, international-cooperation, political-economy, regulatory-design

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