麦道夫骗局的启示(英文)

3. Improving the Information Disclosing System is vital
The investors have the rights to KNOW! In the financial market, information means everything. As we can learn from the Madoff Fraud, to perfect the information disclosure system is the key to avoid financial legerdemain(金融欺诈).
4. Reflection of Madoff Fraud for Chinese Financial Market
As a matter of fact, American’s supervision system mainly focuses on the banks and Revelations（启示）of Madoff Fraud for insurance companies, Chinese financial market those while letting hedge funds(对冲基金) or private equity portfolios(私人股权基金) slide. So in the development of Chinese financial market, we should put more attention on the regulatory( 使规范) of financial derivative market(金融衍生 品市场).
2. Government’s responsibility of financial market’s safety
With the development of economy, government is playing a more and more role in the supervision of financial market. Due to the information asymmetry (信息不对 称),government supervision can’t be perfect, and with the happening of Madoff Fraud, the defects (缺陷) of government supervision has been exposed more clearly.
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Knowledge makes humble, ignorance makes proud. 博学使人谦逊，无知使人骄傲 。
1. Reflection(反思)of American Supervisory System(监管体系)
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The perfection of American supervisory system always come after the crisis, which causes the speed of supervisory system’s reaction for the change of financial market become slower and slower. So, a revolution of financial regulatory regime is necessary.