# Regulatory coordination

`kaal:entity:regulatory-coordination`

**Status.** derived

This node is assembled mechanically from the 5 claims that carry the concept tag `regulatory-coordination`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

5 claims across 3 works, 2011 to 2014.

**2011**

- [1765901-027](https://wulfkaal.github.io/claims/1765901-027) [normative/argued] -- Read as more than a jurisdictional grant, the Dodd-Frank provision becomes an open-ended statute rather than the targeted authority the SEC already held under Section 10(b) and Section 30, and it is undesirable for the SEC to use such powers unilaterally without consulting foreign regulators and the U.S. foreign policy establishment.
  > To the extent the provision gives the SEC additional powers, it may not be desirable that the SEC use these powers unilaterally without consulting with both foreign se- curities regulators and the United States foreign policy establishment.
  Kaal and Painter, The Aftermath of Morrison v. National Australia Bank and Elliott Associates v. Porsche (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1765901
- [1765901-028](https://wulfkaal.github.io/claims/1765901-028) [failure/argued] *(failure mode)* -- Section 929P(b) risks complications where the SEC proceeds unilaterally in situations in which coordinated enforcement with foreign regulators would be more effective, for example insider trading cases involving exchanges whose home regimes do not recognize comparable insider trading rules.
  > The provision risks complications if the SEC pursues cases unilaterally when coordinated enforcement with foreign regulators would be more effective.
  Kaal and Painter, The Aftermath of Morrison v. National Australia Bank and Elliott Associates v. Porsche (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1765901
- [1806252-015](https://wulfkaal.github.io/claims/1806252-015) [definitional/asserted] -- An institution or a country creates externalities when it manages its own hedge fund generated systemic risk without considering how its actions or inactions affect risk in the system as a whole.
  > An institution or country creates externalities if it manages its own hedge fund-generated systemic risk without considering the impact of its actions or inactions on the risk in the system as a whole.
  Kaal, Hedge Fund Regulation Via Basel III (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1806252
- [1806252-016](https://wulfkaal.github.io/claims/1806252-016) [condition/argued] -- Even if hedge fund investing does have systemic implications, systemic risk is multifaceted enough that addressing it could require more than one regulator in a single jurisdiction, so the SEC alone may be unable to accomplish the task.
  > Even assuming that systemic implications arise from hedge fund investing, systemic risk is such a multifaceted issue that it could require the involvement of more than one regulator in one jurisdiction.
  Kaal, Hedge Fund Regulation Via Basel III (2011). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1806252

**2014**

- [2470008-011](https://wulfkaal.github.io/claims/2470008-011) [empirical/evidenced] -- International regulators agree on designation criteria but not on the unit of assessment: the FSB and IOSCO assess systemic importance at the fund level while the OFR would assess it at the asset manager level with all funds combined.
  > Although the proposed designation criteria are similar, the FSB and IOSCO emphasize the assessment of systemic importance at the fund-level, while the OFR suggests systemic assessment at the asset manager-level with all funds combined.
  Wulf A. Kaal, The Systemic Risk of Private Funds after the Dodd-Frank Act (2014). SSRN: https://ssrn.com/abstract=2470008

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/regulatory-coordination.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.