The reliance of modern banking regulation on risk weighting is nowhere more important than in the mortgage market. If regulators get it wrong, the entire edifice could collapse – yet again.
现代银行监管依赖于风险权重，最能表现这一点的莫过于按揭市场。如果监管者措施失当，整个金融系统都要崩溃——再一次崩溃。