# kaal:claim:3405660-039

**Claim.** Because the Basel Framework applies on a consolidated basis to the holding companies of banking groups, it captures risks across the whole group and so addresses the complex structures that defeat prudential supervision.

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

**Source quote.**

> The Basel Framework is extended on a consolidated basis to holding companies of banking groups in order to ensure that risks within the entire banking group are considered.

**From.** Kaal, *Indirect Regulation of Hedge Funds* (2019), V. Conclusion, page 27

**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.** consolidated-supervision, banking-groups, basel-framework, complex-structures

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