However, given the insurance business is based on capital leverage, once tail risk emerges, it gives volatilities on earnings, balance sheet and share prices.
然而,鉴于保险业务基于资本杠杆率,一旦出现尾部风险,就会给收益、资产负债表和股价带来波动。
America's financial system is undergoing a radical reassessment of what are acceptable levels of capital, leverage and interest rates.
美国的金融系统正在经历一次根本性的再评估,以便为资本,杠杆以及利率确定可接受的水平。
Our foreign exposure is not limited to the marketable security exposure, which I cited as being 15% of the fund, but there's foreign exposure in real estate, there's foreign exposure in leverage buyouts, there's foreign exposure in venture capital.
我们的境外投资,并不限于可交易证券类,那只占总资产的15%,也有境外不动产投资,境外杠杆收购,以及境外风险投资
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