Over time, regulation of the capital account might become as respectable as banking regulation.

随着时间的推移，对资本账户的监管可能会变得与对银行的监管同样重要。

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We should strengthen supervision and regulation over credit rating agencies, the shadow banking system and trans-border capital flows.

加强对信用评级机构、影子银行体系和跨境资本流动的监管。

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We need to establish and enforce strict capital and leverage ratio requirements, bring the shadow banking system under supervision and regulation and formulate globally consistent accounting rules.

要建立并执行严格的资本和杠杆率要求，将影子银行体系纳入监管，制订全球统一的会计准则。

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"Politicians want to look like they are doing something while not doing something, " says Joseph Mason, a professor at Drexel University who studies banking regulation and capital markets.

FORBES: Bush's Bad Mortgage Medicine

Until they accept the case for the sort of pre-emptive insurance outlined in this report tighter regulation, bigger capital cushions, perhaps more separation between different kinds of banking the clock will continue to tick towards the next financial crisis.

ECONOMIST: The case for pre-emptive action

As Mr Borio at the Bank for International Settlements points out, many of the ideas around countercyclicality (setting aside more capital in good times) and macroprudential regulation (safeguarding the stability of the whole banking system as well as of individual banks) were oven-ready, having been worked on by a coterie of central bankers, academics and regulators for a number of years.

ECONOMIST: Banks will still make money, just less of it