我一直认为金融创新、金融监管与金融危机是一组共同体,是一个不断寻求稳定平衡的三角形。三者不是对立的关系,而需要确立一个内部的平衡机制和共同目标,只有这样才能使金融业健康持续发展。这一观点可以贯穿到金融的各个领域、行业和模式。美国金融业的不断发展壮大过程就是这一共同体之间相互作用的表现,银行介入证券市场的混业创新趋势导致了经济的大萧条,《格拉斯—斯蒂格尔法》在限制了金融创新 I always think that financial innovation, financial regulation and the financial crisis are a group of communities and a triangle that constantly seeks a stable equilibrium. The three are not antagonistic relations, and need to establish an internal balance mechanism and common goals, the only way to make the financial industry healthy and sustainable development. This view can be applied to all areas of finance, industries and models. The continuous development and expansion of the financial industry in the United States is a manifestation of the interaction between the two communities. The trend of mixed innovation of banks in the securities market led to the Great Depression of the economy. The “Grass-Steagall Act” limited the financial innovation