New financial regulations – Basel 3 for banks and Solvency 2 for insurers – are reinforcing these advantages. While the regulations are likely to reduce the likelihood and impact of financial crises, they will also make long-term loans more expensive and investments in illiquid assets riskier.
新的金融监管——对银行的巴塞尔3协议（Basel 3）和对保险公司的偿付力2协议（Solvency 2）——在强化这些优势。尽管监管有可能降低金融危机的可能性和影响程度，但也会导致长期贷款更贵，低流动性资产的投资风险更高。