这句话的大意是：利用CDS(信贷违约掉期：一种违约保险)的价格作为正确资本结构的指南，这种做法可以在全能的监管者不存在的情况下得以实现。

This could be achieved in the absence of an all-wise regulator by using the cost of credit-default swaps (CDSs), which insure against default, as a guide to the right capital structure.

youdao

当然，监管部门发出的“指南”是不是为了抑制个人住房消费，但主要目的是为了控制风险，银行贷款。

Of course, the regulators issued the "Guidelines" is not in order to suppress individual housing consumption, but mainly in order to control the risk of bank loans.

youdao