The one area where he differs from the reform consensus is over the wisdom of a "systemic regulator".

他和赞同改革者不同的地方在于对“系统调控者”能力的认同。

youdao

youdao

But there are many questions over the merits of a systemic-risk regulator.

同时，关于系统风险监管的好处，很多人也提出了疑问。

youdao

"How can we possibly assign powers to a systemic regulator if we have not fully examined the appropriate roles for the existing regulators?

VOA: standard.2009.03.26

Even so, the worry is that a systemic regulator would be biased towards intervention, because it would face less criticism for puncturing a non-bubble than for failing to spot a real one.

ECONOMIST: What regulators should do now

It had been assumed the same agency would both be systemic risk regulator and wield the new resolution authority.

ECONOMIST: Financial regulation: Top watchdog | The

The systemic risk regulator is empowered to collect data, recommend new regulations and intervene when a company is considered to pose a risk.

FORBES: Magazine Article