There are some positive features to

There are some positive features to the NR affair. Firstly, it demonstrated the importance of both banks and their supervisors considering the risk characteristics of business models and undertaking robust stress-tests. Some business models are clearly more vulnerable than others and most especially to some LPHI risks. Secondly, reform of the DPS was needed because of its internal inconsistencies, and the NR affair performed the useful role of bring this to the fore and to the public’s consciousness. Thirdly, it has emphasised the importance of effective governance arrangements within financial firms.
Furthermore, the episode has brought two other central issues to the attention of the public: the role of government and the possible underwriting of risks by the tax-payer, and the general question of moral hazard.

Results (English) 3:

有一些积极的特点，NR的事。首先，它表明的重要性，银行和监管机构考虑的风险特征的商业模式和进行强大的压力测试。一些商业模式明显比其他人更脆弱，尤其是一些lphi风险。其次，DPS的改革是必要的因为其内部矛盾，与NR的事进行有益的作用，把这个前意识到公众的。第三，它强调了在金融企业内部有效的治理安排的重要性，而这一事件又给公众带来了另一个核心问题：政府的作用和纳税人可能的承保风险，以及道德风险的一般性问题。