A case for hedge fund regulation
The unique nature of hedge funds could lead to market failures that counterparty credit risk management (CCRM) practices cannot easily assess, according to an article published by the New York Federal Reserve.
The article argues that CCRM is "the first line of defence against market disruptions with potential systemic consequences" and that the problems with CCRM practices in assessing the risk posed by hedge funds make it difficult to determine whether funds present a systemic risk.
But the
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