The old supervisory framework assumed that if the 100 largest Banks were individually safe, then the system was too.

旧的监管体系认为，如果100家最大的银行各自是安全的，那么整个系统也就是安全的。

youdao

Fourth, even as we clean up past mistakes, G-20 leaders rightfully expect an overhaul of the financial regulatory and supervisory system.

第四，20国集团领导人在纠正以往错误的同时，还有理由期待对金融监管和监督制度进行全面整改。

youdao

Because our current regulatory regime has failed we now must design a robust, effective, supervisory system for the future.

因为我们现有的监管制度已经失败了。所以我们现在必须为将来设计出有力、有效、有监督作用的体系。

youdao

Thus, UBS failed to establish a reasonable supervisory system and written procedures to monitor the sale of Non-Traditional ETFs.

FORBES: UBS To Pay Nearly Nearly $2 Million ETF Fine and Restitution

The report by the Financial Services Authority (FSA) said the bank nearly folded in 2008 due to poor management decisions, inadequate regulation and a flawed supervisory system.

BBC: Democracy Live site links

It must also review its supervisory system, which failed to spot the impending havoc from toxic property assets held by banks that had lent crazily to developers.

ECONOMIST: Spanish woes