Centuries of manias and panics teach that financiers always have a better hand than their regulators, but the outdated and chaotic structure of regulation only adds to their advantages.

几个世纪以来的狂热和恐惧表明，银行家总是比监管层技高一筹，但过时和混乱的监管结构只会使他们更加难以管教。

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And though executives chafe at financial regulation, the protection it provides makes investors far more likely to hand them money to play with.

尽管金融企业高管会打擦边球，但法律提供的保护会使投资者更可能把金钱交给他们管理。

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On the one hand, regulation and supervision create constrains on market forces.

一方面，规制和监管对市场力量产生约束。

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While banks in the United States have historically been subject to robust government regulation, non-bank financial firms have been allowed to operate with a freer hand.

VOA: standard.2009.10.01

Despite cutting legacy costs through mergers, consolidation and restructuring, European carriers are still facing the heavy hand of regulation and government, adds Tyler.

CNN: Europe's airline industry on 'knife edge,' says IATA boss

People are voting for lower taxes, less public spending, a lighter hand of regulation: that is why hitherto leftist governments have made a start on delivering them.

ECONOMIST: What is Europe?

It is not yet clear whether its dismembered bits will turn out to be serious rivals, and whether the bracing winds of competition can substitute effectively for the stifling hand of regulation.

ECONOMIST: Finding fault with Heathrow and its owner was the easy part