That means not just increasing capital and liquidity requirements for individual institutions but relating them to the cyclical growth of risk in the system more broadly.

这就意味着不仅要进一步严格个体机构的资本和流动资金的规定，而且要更广泛地把这些规定和金融系统风险的周期性增长联系在一起。

youdao

In a notoriously cyclical industry, the risk that they might fall is clear.

在众所周知的产业周期中，股价下跌的风险是显而易见的。

youdao

But part of the explanation could also be cyclical, notably abundant liquidity, low borrowings by companies and high risk appetites.

但是部分解释也可作另一种解读：显著的充足流动性，较低的公司借款以及对高风险的胃口。

youdao

He says many stock-fund managers "take the quite reasonable approach that treats currency as a cyclical risk" that washes out over time.

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But many worry that, at a time of widespread crisis, such pro-cyclical rules risk imposing too much austerity too widely, thus darkening the spectre of recession and making it even harder to balance budgets.

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You get a sense there's been a more than cyclical change in risk appetite amongst the community, which is why the savings rate has gone up to historical highs and in businesses, boards have changed their attitudes to risk.

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