The issue for most of the recent institutional failures in the US was not one of ownership, but of inadequate risk management, skewed incentives, and limited regulation and enforcement among others.

对于最近美国大多数的模式的失败，问题不仅在于所有权，而在于风险管理不足，不合理的激励和有限的监管和执法等等。

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Firstly, tamp the institutional foundation of media regulation, including compatibility of objectives, clarity of ownership, and order of market.

首先，必须夯实监管体系所需的制度基础，包括“目标相容”、“产权清晰”、“市场有序”等要素。

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This paper obtained at the institutional level that the financial crisis can be regulated by law regulation, while as for the global economy, financial crisis depends on national economic strategy.

因此制度层面的金融危机完全可以通过法律监管加以调控，而全球经济层面的金融危机则取决于各国经济战略博弈。

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From this perspective, regulatory bias is a natural human manifestation of the current institutional structure of financial regulation in which the financial services industry enjoys a decisive home-field advantage.

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There are several proposals around for wider institutional reform including reform of financial regulation, and they deserve further studies.

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By accepting money from limited numbers of very rich individuals or institutional investors, and (in many cases) by basing themselves in places where regulation is lax, hedge funds escape the standard reporting requirements faced by mutual funds.

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