kaal:claim:3405660-031

Indirect regulation removes the problem of missing jurisdictional authority and therefore of jurisdictional arbitrage, because the Basel Framework applies to banks worldwide rather than to funds in any one jurisdiction.

Indirect regulation of hedge funds removes the problem of lacking jurisdictional authority and, thus, jurisdictional arbitrage. The Basel Framework is a framework for banks worldwide.

Kaal, Indirect Regulation of Hedge Funds (2019), V. Conclusion, p. 24
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

• Basel Framework is broadly adopted across banking jurisdictions

mechanismsupport: arguedlaw-and-legal-systemssystemic-risk

• extends kaal:claim:1806252-025 Basel III capital charges based on a bank's lending exposure to hedge funds could help address the threat of r...

The quote above is an exact substring of the source PDF, whose sha256 is cf507b1833071765bc13a5605f38c2591582eca85f40869e38b6ff075c04d29d. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/6b258ea47ff948e6...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3405660-031.md | sha256sum