kaal:claim:3405660-015
Coordinated international cooperation in hedge fund regulation will ultimately be hindered by administrative costs, immense transaction costs, setup costs and, above all, the divergent interests of offshore havens and the resulting jurisdictional arbitrage, so it may never become a realistic regulatory option.
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The administrative costs, the immense transaction costs as well as the costs of setting up such a venture and, most importantly, the differing interests especially of off-shore heavens and, hence, jurisdictional arbitrage will ultimately hinder such actions.
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failuresupport: arguedfailure: coordination cost barrierfamily: harmonization-and-standardization-failurelaw-and-legal-systemseconomics
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