Indeed, the plethora of separate banking regulators had created opportunities for banks to arbitrage the system in search of a more indulgent approach to capital. Likewise, the lack of a federal insurance regulator had left AIG regulated by the Office of Thrift Supervision (OTS) and the New York State Insurance Department, which proved to be a wholly inadequate arrangement.
事实上，银行监管过于细分给寻找放纵使用资本的银行造就了制度套利的机会。类似地，联邦保险监管者的缺位使AIG归储蓄管理局（Office of Thrift Supervision，OTS）和纽约州保险局（New York State Insurance Department）监管，这一安排显然是不到位的。