Huw

"Funding is as big a constraint on lending as capital is," notes Huw van Steenis, an analyst at Morgan Stanley.

“资金对放贷也是一个大的约束，就像资本那样”摩根·斯坦利的分析家Huw van Steenis说道。

Huw Rob Illon: take the carrot cut into two, thin, and cold milk (heated) 150 grams mixed stir well, add salt.

胡萝卜羹：取胡萝卜两根，切成细线，与冷牛奶(加热过的)150克混合搅匀，加入适量盐。

"The key issue is what scenario the Banks would need to be recapped for," says Huw van Steenis of Morgan Stanley.

“关键问题是银行需要何种方案去重组，”摩根·士丹利的范斯蒂尼斯说。

In response private Banks are expanding into emerging markets and consolidating at home, says Huw van Steenis of Morgan Stanley.

摩根·斯坦利的Huw van Steenis说道，相应的，私人银行也就开始扩展到新兴时常，同时加固本土地位。

Huw van Steenis at Morgan Stanley says that more Banks now accept that an American-style stress test may be needed to restore confidence.

摩根·士丹利的Huw van Steenis说，现在越来越多的银行承认，要恢复信心，一次美国式的压力测试也许是必须的。