来自《耶鲁大学开放课程：金融市场第26集第26集》

Another is that if regulators like to have more jurisdiction

但是如果一个监管者严格要求
and they like to do more stuff,

人们同样也不会选择他
competitive regulation is a prescription for limited regulation.

竞争监管就意味着放松监管
Implicit in Secretary Paulson's--sort of,

保尔森财长
in the language one might expect from a Republican,

是一个共和党人
emphasis on efficiency and the avoidance of duplication

他在报告里强调效率强调避免重复
was a moving away from competitive regulation.

言下之意就是希望摆脱竞争监管
I suspect that maybe quite an important idea. Tian?

我认为这是非常重要的观点提恩
It is all very well to say in a general way that

通常我们都同意
it is good to avoid duplication

应该避免重复
and to move away from competitive regulation without going to

改革竞争监管制度
where the trade-off lies in different contexts.

不再面对艰难的取舍