There was a severe crisis and so that again highlights the importance of having good bank regulation.

但这确实是一场严重的危机,也再一次强调了良好银行监管体系的重要性

耶鲁公开课 - 金融市场课程节选

It's an effort to try to get the complexity of fifty different regulators uniform.

要让如此复杂的五十个不同的监管体系,统一起来是需要付出努力的

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

So, it really is -it really ought to be on the bank's balance sheet and it ought to be regulated by the bank regulators, but there was a failure to do that and that is the problem that we are in currently.

所以说,它确实该...,它应该反映在银行的资产负债表上,同时接受银行监管体系的管理,但这却没能实现,这就是我们目前面临的问题

耶鲁公开课 - 金融市场课程节选