Some people think that the rating agencies have allowed a kind of moral hazard to creep into their organization.

有些人认为,信用评级机构,已经让某种程度的道德风险,渗透到他们的机构中

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Moral hazard occurs when a risk management institution incentivizes you to do bad behavior-- to show bad behavior.

道德风险产生于,风险管理机构怂恿人们,采用有悖于道德与人性手段。

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They're essentially more risky and more-- regulators have to watch them more because they're standing at higher probability- a monoline--of some major disaster.

单线保险公司风险更大,监管机构对其监管更严,因为他们遇到危机的,可能性更大

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They have been working on improving their methods and they're trying to create divisions within their organizations that prevent the moral hazard from happening.

他们已经对技术进行改进,并且他们正尝试,在机构中划分部门,以便防范道德风险的发生

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If we had the proper risk management institutions in place, people would have anticipated this risk and would have made swaps or other arrangements to protect themselves against it.

如果我们有合适的风险管理机构，人们能够预料到这种风险,能够提前进行交换或者其他安排,保护自己免受损失。

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