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

耶鲁公开课 - 金融市场课程节选

What was happening was, these banks were not being watched carefully enough; their capital requirements were not enough for the kind of assets they were investing.

当初是因为,对这些银行监管不力,它们的资本水平没有达到,投资这类资产的要求

耶鲁公开课 - 金融市场课程节选

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

They have a formula that defines how much Tier I and Tier II capital a bank has to hold and the amount depends on the risk class of their investments.

有一个公式可以计算出,一个银行到底需要持有多少一级和二级资本,其数量取决于他们投资项目的风险等级

耶鲁公开课 - 金融市场课程节选

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

耶鲁公开课 - 金融市场课程节选