What we've seen is a testing of the system -that we have regulatory requirements, that banks have enough capital -but this regulation is challenging because it's being stressed right now.

我们列举的这些案例都是对银行体系的考验,我们需要加强监管,以确保银行有充足的资本,但监管确实是一项艰巨的任务,因为现在面对的压力更大了

耶鲁公开课 - 金融市场课程节选

and I think that since Enron and Worldcom, there had been a lot of regulatory changes

我觉得安然和世通的事情之后，有好多规章调整

美国的会计丑闻 - SpeakingMax英语口语达人

As I say, when the NAIC decides on some regulation, it's only a recommendation to the separate state regulatory commissions.

如前述,当NAIC就某项监管做出决议,对于各个州管理委员会而言,这只是一种建议

耶鲁公开课 - 金融市场课程节选