First, capital requirements should be set as a straightforward ratio of common equity to total assets, thereby abandoning all reference to banks’ own risk-management models. The new capital ratio should be raised to 7-10% of total assets in order to dampen risk-taking by bankers and minimize the real economic impact of large-scale deleveraging following a loss of confidence in the banking system.
首先，资本要求应该被设置为普通股对总资产的直观比率，从而避免参考银行自己的风险模型。新资本比率要求应该被设为总资产的7—10%，以抑制银行家承担风险的冲动并将随银行系统信心缺失而来的大规模去杠杆化的实际经济冲击最小化。