# kaal:claim:3405660-040

**Claim.** 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.

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

**Source quote.**

> 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.

**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.** implementation-costs, international-cooperation, basel-framework, indirect-regulation

**Related claims.**

- restates: https://wulfkaal.github.io/claims/1806252-026

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