The most important question to ask of any financial system is how much loss-absorbing equity major banks have on their balance sheets. When a company suffers losses, its shareholder equity falls in value, and less equity means that the company is more likely to default on its debts.
对任何金融体系来说，最重要的问题是大银行资产负债表上有多少可用于吸收损失的股本。当一家公司遭遇损失时，其股东权益价值就会下降，而权益减少意味着该公司债务违约的可能性增加。