Historians of the financial markets will recognise that what the SIVs and some hedge funds were doing was, at heart, the oldest game in the business: borrowing short and lending long.

金融市场史家会发现，从本质上讲，SIV和对冲基金所玩的无非就是这个行业最古老的把戏：短借长贷。

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There was a growing tendency for big business to bypass clearing Banks in the lending and borrowing process.

大企业在存款或借款过程中有绕过清算银行的趋势。

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Zopa's business as a lending and borrowing exchange is quite new and does not fall under any of the existing regulatory categories, and as a result the FSA would need an act of parliament to create a new one.

BBC: What threat to banks from internet lenders?