The problem, at least, is simple: As finance has become more complicated, regulators have tried to keep up by adopting ever more complicated rules. It is an arms race that underfunded government agencies have no chance to win.
至少问题是简单的：随着金融越变越复杂，监管者的对策是出台更复杂的规则。这是一场军备竞赛，资金不足的政府部门绝无获胜机会。