It was an international convention that gave, what they called, risk-based capital requirements and recommended risk-based capital requirements to bank regulators around the world.
巴塞尔协议是一个国际公约,它制定了,风险资本要求,并且向各国的银行监管者,推荐风险资本要求
As you get older, your human capital evolves and it has its ups and downs as you age and you start switching from human capital to other forms of capital.
随着年龄增长,你的人力资本不断发展,它随着你的年龄不断起伏,你的人力资本开始,转变成其他形式的资本。
So, the bank has an SIV on its books, but the SIV is not part of the bank, so it's not subject to the bank capital requirements.
所以SIV会在银行账面上反映,但SIV却不是银行,所以它无需满足银行的资本要求
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