But, in another paper presented at our session, Paul Willen of the Federal Reserve Bank of Boston argued that creating such a restriction is hardly the best way for a government to improve the functioning of financial markets. Investors already know that people have a stronger incentive to manage risks better if they retain some interest in the risk.
在此次会议上的另一篇宣讲论文中，波士顿联邦储备银行的鲍罗·维伦（Paul Willen）指出，制定这样的限制很难说是政府改善金融市场功能的最佳方式。投资者已经知道，如果风险涉及到自身利益，人们会更有动力管理好风险。但投资者也知道，对于具体的案例，其他因素可能抵消风险自留的好处。为了平衡这些考虑，政府会过度涉足。