在此管制比较多的时期,信贷控制或以金币为标准的货币制度限制了信用的创作。
In more regulated times, credit controls or the gold standard restricted the creation of credit.
但是我们意识到评机管制可能会误导部分投资者,使他们误解了信用评级的作用。
But we recognize that rating mandates may have prompted some investors to use ratings in ways they were never intended.
虽然对于评价当前的事物我们必须谨慎,但是我仍然对认为银行业的放松管制(虽然是局部的)是最近的信用危机的一个原因的看法持怀疑态度。
Although one must be tentative in evaluating current events, I suspect that the deregulation (though again partial) of banking has been a factor in the current credit crisis.
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