Congress, lobbyists and editorial writers have been engaged in an intense debate over how to provide effective governance for the US banking system in the wake of the 2008 financial crisis and, more recently, JPMorgan Chase’s billion-dollar derivatives losses. It is a complex subject and, not surprisingly, the language has been at times as opaque as the derivatives themselves – and the inability of the public to understand the system is contributing to a decline in trust and confidence. I believe the real solution lies in formulating a simpler, not a more complex, set of regulations.
美国国会、游说团体以及媒体评论员们在2008年金融危机爆发时曾就如何有效监管美国银行体系进行过激烈讨论，近期摩根大通(JPMorgan Chase)规模高达数十亿美元的衍生品交易损失使相关讨论再度升温。银行监管是一个复杂的命题，毫不奇怪的是，讨论所用的专业术语有时和衍生品本身一样晦涩难懂。公众难以理解银行体系这一点也是导致其对银行的信任度和信心下降的因素之一。我认为，真正有效的解决办法在于形成一套更为简洁、而非更加复杂的监管规则。