今天令人担忧的是默文爵士的团队缺乏直觉，可能会阻碍复杂的新监管机制有效运行。
The worry today is that the lack of intuition in Sir Mervyn's team will hamper the new, complex regulatory regime, too.
1999年，美国国会扩大了金融服务产业的自由度，但是却没有建立起一个新的全面的监管机制。
In 1999 Congress gave increased freedoms to the financial service industry, but failed to create a comprehensive regulatory structure.
不过，鉴于此次并购产生的新实体影响甚巨，监管机构可能断定：就算并购企业大规模出售资产，也无法保证某些地区竞争机制健全，因而不予批准。
But given the great clout the new entity would have, regulators may conclude that even a large number of disposals would not guarantee robust competition in some areas.
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