Allow qualified private capital to set up financial institutions such as small - and medium-sized Banks, under enhanced supervision.

在加强监管前提下，允许具备条件的民间资本依法发起设立中小型银行等金融机构。

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"Small and medium-sized financial institutions may be disadvantaged, may be sacrificed in the next crisis to protect these behemoths, " he says.

WSJ: The Weekend Interview with Paul Singer: Mega-Banks and the Next Financial Crisis