# kaal:claim:3405660-031

**Claim.** 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.

**Type.** mechanism  **Support.** argued

**Holds when.**

- Basel Framework is broadly adopted across banking jurisdictions

**Source quote.**

> 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.

**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.** law-and-legal-systems, systemic-risk

**Keywords.** jurisdictional-arbitrage, basel-framework, indirect-regulation, global-standards

**Related claims.**

- extends: https://wulfkaal.github.io/claims/1806252-025

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.