According to the principle of cost-effectiveness, it's necessary to construct the risk-focused supervisory regime which fits the micro-loan companies to perfect our financial regulatory system.

根据成本效益原则构建适合小额贷款公司的风险监管制度是完善我国金融监管体系的必要选择。

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Importantly, a well-designed supervisory regime complements rather than supplants market discipline.

FORBES: Transcript

But on February 3rd the Italian cabinet approved a proposed law to reform its supervisory regime that takes away far fewer of the bank's powers than earlier drafts had suggested.

ECONOMIST: Italy's watered-down financial reforms