虽然银行的资本水平要比以前更好，但银行持有的贷款和证券的质量目前还不清楚。

And although capital levels are better than before, the quality of the loans and securities that Banks hold is still unclear.

youdao

国际金融公司想要管理基金，募集资本，交易证券，包括股份、债权和衍生品。

The global firms would like to manage funds, raise capital and trade securities, including shares, debt and derivatives.

youdao

银行可以在任何时候转换这些证券以提高核心资本水平。

The securities can be converted at will by a bank to raise its core capital levels.

youdao

So 90% of your portfolio is in domestic marketable securities and only 10% is invested in things like real estate or venture capital or private equity -hardly enough to make a difference in terms of the portfolios returns.

于是90%的投资都在本国有价证券中,仅10%用于比如不动产,风险资本或私募股权投资,这一小块几乎对投资回报,没有什么作用

耶鲁公开课 - 金融市场课程节选