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These proceedings summarize the key themes and issues raised during a symposium on September 24, 2012, hosted by the RAND Center for Corporate Ethics and Governance. Discussion focused on the ways in which hedge funds might contribute to systemic risk and the extent to which recent financial reforms address these potential risks. Participants included thought leaders from industry, government, and academia. Regulatory perspectives were represented by senior staff from the U.S. Department of the Treasury, the Federal Reserve Board of Governors, the Financial Crisis Inquiry Commission, and the House Financial Services Committee. Individuals involved in various aspects of the hedge-fund industry brought the private-sector perspective, and academics and RAND staff brought a policy analysis perspective.

This conference proceedings report was supported by the RAND Center for Corporate Ethics and Governance, a part of the RAND Institute for Civil Justice.

This report is part of the RAND conference proceeding series. RAND conference proceedings present a collection of papers delivered at a conference or a summary of the conference.

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