In the UK, fines once helped defray the regulator’s costs: bad actors reduced the fees charged to the good ones, creating a positive feedback loop. Today, the payments have become so large that the government has seized them and channeled revenues exceeding the regulator’s enforcement costs to veterans’ charities.
其中一些钱&mdash;&mdash;特别是在英国&mdash;&mdash;回到了个体客户手中。但更多的钱进了监管机构本身的腰包，然后流入了国家政府。在英国，罚金曾经帮助支付了监管机构的成本：坏行为人减少了好行为人所需支付的费用，创造了积极反馈环。如今，罚金规模是如此之大，以至于填补监管机构执法成本有余，剩下来的被政府用于老兵抚恤。