Their true mistake, and this is harder to forgive, is to have mis-estimated the risk for their organizations.

他们犯下的真正错误是错误估计了各自银行的风险，而这是更难以原谅的。

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But this confuses risk-bearing with risk management, especially when the risk itself may be mis-priced or mis-managed.

但是，这混淆了风险管理和风险承担，尤其是当风险本身可能被错误定价或错误管理时。

youdao

But this confuses risk-bearing with risk management, especially when the risk itself may be mis-priced or mis-managed.

但是，这混淆了风险管理和风险承担，尤其是当风险本身可能被错误定价或错误管理时。

youdao