-held, privately-managed investment funds, unregistered and exempt from federal securities regulation. With increasing investor demand …

criticized for thwarting efforts to address systemic risk. This Article investigates the arbitrage-seeking behavior of hedge … regulatory arbitrage by hedge funds, this Article argues that such proposals are at best misguided and at worst systemic risk … funds directly, the strategies for regulation should focus on indirect regulation of the funds through their counterparties …

This article compares the direct regulation of hedge funds in the U.S. prior to the Dodd-Frank Act with the direct … regulatory measures to address potential systemic risks of hedge funds ensued in its aftermaths. The direct regulation involves … regulatory measures focusing immediately on the regulation of the target industry. In contrast, the imperatives or commands of …

systemic risk, the article focuses on one critical aspect of hedge fund regulation, namely the choice between direct regulation …This article studies the regulatory strategies to address the potential systemic risk of hedge funds operation in … and indirect regulation. Having defined the distinction between direct and indirect regulation, also mapping its …

. This study relies on a survey of general literature on financial regulation, specific commentary on the hedge fund … regulatory reforms instituted, models of self-regulation, and analogous examples in other areas of financial regulation that have … taken a firm stance in not supporting hedge fund regulation. Congress, under Democratic control, has signaled that it is …

market risk levels are too great. Hazard warnings policies often can address informational failures. Some market failures may … be exacerbated by government policies, particularly those embodying conservative risk assessment practices. Labor market … estimates of the value of statistical life provide a useful reference point for the efficient risk tradeoffs for government …

suggest that the cost of a delay of this length is upwards of 7 percent of the total cost of bringing a new high-risk device …

, whereby regulations costing more per life saved than this threshold level are expected to increase mortality risk on net. Two … grounded in economic theory. Both methods build from the assumption that changes in income lead to changes in mortality risk …. The cost-per-life-saved cutoff value at which regulations increase mortality risk is estimated to have a lower bound value …

detailed, specific, and data-driven rules that clearly delineate firms or activities that do, or do not, pose systemic risk …