The thinking behind the regulatory push for simplicity and solidity is that over the past few decades Banks have been allowed to build complex capital structures made from inferior materials.
监管机构推崇的资本简单化和可靠性的背后，我们思考的是过去几十年我们一直允许银行用劣等资源建造复杂的资本结构。
Borrowers' capital structures-the various layers of debt and equity, each with different rights in the event of default-are now more complex.
目前借款人的资本结构愈发复杂(发生违约时，负债和权益的层次不同，则权利各异)。
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