Finally, solvency rules should be complemented by an obligation that banks issue a substantial amount of non-collateralized debt – on the order of 100% of their capital – that is convertible into equity. These debentures should be designed to create a strong incentive for bank managers and shareholders to issue equity rather than suffer conversion.
最后，偿债能力比率应该有所补充——通过让银行承担发行大量无抵押可转换债务（100%由其自有资本做支持）的义务来实现。这笔信用债的设计应该为银行管理者和股东提供极大的发行股票而不是接受债转股的激励。