To some extent, the subprime crisis is a failure of Basel II, which is not even fully born yet.

从某种程度上讲,次贷危机就是新巴塞尔协议的一次失败,该协议甚至还没有正式生效

耶鲁公开课 - 金融市场课程节选

It's also about bank regulation, such as the Basel Accord, Basel I and Basel II.

还会讲到银行监管,比如巴塞尔协议和新巴塞尔协议

耶鲁公开课 - 金融市场课程节选