# kaal:claim:3405660-030

**Claim.** Applying the Basel Framework to hedge fund regulation conforms to the requirements of incomplete contract theory, which supplies the theoretical justification for the indirect approach.

**Type.** design  **Support.** asserted

**Source quote.**

> Applying the Basel Framework to hedge fund regulation is in conformity with the requirements of incomplete contract theory.

**From.** Kaal, *Indirect Regulation of Hedge Funds* (2019), V. Conclusion, page 24

**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

**Topics.** systemic-risk

**Keywords.** incomplete-contract-theory, basel-framework, regulatory-theory, indirect-regulation

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