The third reason to be wary of bankers’ confidence that the regulatory job is complete is that once they believe it, they will behave accordingly – less frightened of failure and thus willing to take on more risk. That seems to have been the case before the financial crisis, and there is no business or psychological reason to think that it will not happen again.
担心银行家信心满满地表示监管工作已经完成的第三个原因是一旦他们持有这一观点，就会据此行动——不再那么害怕倒闭，因此承担更多风险。这似乎正是金融危机的覆辙，也没有商业或心理上的理由认为这不会再次发生。