{
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 "@type": "DefinedTerm",
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 "identifier": "kaal:entity:asymmetric-regulation",
 "name": "Asymmetric regulation",
 "termCode": "asymmetric-regulation",
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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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   "value": [
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/1806252-004",
   "identifier": "kaal:claim:1806252-004",
   "text": "Asymmetric hedge fund regulation, in which Dodd-Frank and the AIFM Directive regulate banks and hedge funds separately and differently, is counterproductive.",
   "abstract": "Asymmetric hedge fund regulation in Dodd—Frank and the AIFM Directive is counterproductive.",
   "citation": "Kaal, Hedge Fund Regulation Via Basel III (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1806252",
   "datePublished": "2011",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "US and EU hedge funds operate in the same markets with similar strategies"
   ],
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   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/1806252-006",
   "identifier": "kaal:claim:1806252-006",
   "text": "Regulating entities that operate in the same markets under asymmetric rules creates legal uncertainty and significant transaction costs.",
   "abstract": "Asymmetric regulation of entities operating in the same markets creates legal uncertainty and significant transaction costs.",
   "citation": "Kaal, Hedge Fund Regulation Via Basel III (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1806252",
   "datePublished": "2011",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "entities compete in the same markets"
   ],
   "source_pdf_sha256": "3343ebfe05a925c3d1a75625c4b351ccff515c50819a48d155804daacf01429d",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/1806252-007",
   "identifier": "kaal:claim:1806252-007",
   "text": "Hedge fund managers subjected to stricter rules in one jurisdiction while competing with funds in less restrictive jurisdictions could be placed at a comparative disadvantage.",
   "abstract": "If hedge fund managers are subjected to stricter rules in one jurisdiction while competing for clients and profit margins with funds in jurisdictions that impose less restrictive rules, they could be at a comparative disadvantage.",
   "citation": "Kaal, Hedge Fund Regulation Via Basel III (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1806252",
   "datePublished": "2011",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "managers compete for the same clients and profit margins across jurisdictions"
   ],
   "source_pdf_sha256": "3343ebfe05a925c3d1a75625c4b351ccff515c50819a48d155804daacf01429d",
   "status": "current"
  }
 ],
 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'asymmetric-regulation'. Derived node: a roster, not an adjudicated definition."
}