How have the banking system and the process of financial intermediation changed
对比1986年和2006年美国银行与金融体系，发现当前体系在重大冲击下更具韧性和健康，原因包括资本标准强化、风险导向监管、市场纪律增强及风险管理改进。
Comparing and contrasting the U.S. banking and financial system in 1986 and in 2006, the author notes that the most notable difference is the current system's resilience and health in spite of some significant shocks. One reason for this health, he believes, is the changing bank supervisory environment, particularly the move toward stronger capital standards and more risk-focused supervision. Among other positive developments he highlights are the increase in market discipline and improvements in risk measurement and management.