The latest example highlighting this flaw is Dexia, the Belgian-French banking group that failed in 2011 – just after passing the European Banking Authority’s stress test with flying colors. The stunning opacity of solvency ratios encouraged regulators to turn a blind eye to banks’ excessive risk-taking.
这一缺陷的最新写照是比利时-法国联营的德夏（Dexia）银行在2011年的倒闭——彼时它刚刚胜利通过欧洲银监局的压力测试。银行的偿债能力比率透明度太低，这使得监管者干脆闭上双眼任由银行承担过度风险。