Big banks’ executives often want to increase their institutions’ leverage, typically because they have various forms of guarantee – in particular, deposit insurance and access to central-bank financing on advantageous terms. In addition, the executives’ pay is typically based on return on equity, unadjusted for risk.
大银行高管通常希望增加他们的银行的杠杆，这往往是因为他们有各种形式的担保——特别是存款保险以及以有利条件从央行获得融资。此外，高管薪酬也往往以未经风险调整的股本回报为基础。