kaal:claim:3405660-040

Indirect regulation through Basel banking supervision removes the need for joint regulatory action and avoids each national regulator's transaction and implementation costs, because an international framework requires only one implementation and compliance then falls to participating banks.

Indirect regulation of hedge funds via the banking supervision in the Basel Framework also removes the need for joint regulatory action and individual regulators' transaction costs and implementation costs.

Kaal, Indirect Regulation of Hedge Funds (2019), V. Conclusion, p. 27
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

mechanismsupport: arguedsystemic-risk

• restates kaal:claim:1806252-026 Implementing the hedge fund lending charge through Basel III would require no separate national implementation...

The quote above is an exact substring of the source PDF, whose sha256 is cf507b1833071765bc13a5605f38c2591582eca85f40869e38b6ff075c04d29d. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/d49fc97d7a7f14a0...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3405660-040.md | sha256sum