Allowing companies to hedge their risks is the whole point of the instrument. But if the rules favour them over financial companies, trading will tend to migrate towards them, and away from Banks.

该工具的全部意义在于让公司规避风险，但是如果规则对最终使用者更加有利，而不是金融公司；那么交易就会转向他们，同时远离银行。

youdao

The boss of one European bank thinks the Basel rules will cause borrowers to move away from Banks and into bond markets, boosting debt-origination business for some investment Banks.

一家欧洲银行的老板认为巴塞尔规则将导致借款者离开银行转而进入债券市场，从而推动一些投行的债务原生性业务。

youdao

But when skittish Banks and investors are turning away from funding private spending, there is a strong case for a more active fiscal policy to prop up demand.

不过，当脆弱的银行及投资者从私人消费中逃离时，更有理由采用积极的财政手段支撑需求。

youdao

The boss of one European bank thinks the Basel rules will cause borrowers to move away from banks and into bond markets, boosting debt-origination business for some investment banks.

ECONOMIST: Why the industry��s best days may be behind it

The recruiting of an entirely new group of lenders -- including securities firms, pension funds, insurance companies, corporations and even individuals -- diversifying away from sole reliance on Western governments and commercial banks as sources of funding.

CENTERFORSECURITYPOLICY: Center For Security Policy

Their strategy was so successful that soon they were sucking deposits away from bricks-and-mortar banks across Europe.

ECONOMIST: Iceland