Focus only on more rules and the medium-term risk is of a colossal, semi-socialised banking system crawling with outgunned, possibly captive regulators.

• 管制机构只集中精力制定更多的规则，而中期风险却是庞大，半社会化的银行体系，其中满是落后甚至可能是被同化了的管制机构。