1. Branches of the People's Bank of China stopped direct lending to local financial institutions and refinancing was made only to the head offices of commercial banks by the People's Bank of China.
中国人民银行的分支机构不再直接向地方金融机构提供贷款,仅由中国人民银行为商业银行总行筹措资金。
2. Should any of the aforesaid acts result in a loss, the person directly in charge and other persons held direct responsibility shall bear part of or all the liabilities for compensation.
如果上述行为导致了亏损,主管人员和负有直接责任的人员都要承担部分或全部赔偿责任。
3. China Banking Regulatory Commission shall, in accordance with law, exercise supervision over financial institutions and their business operations to maintain the legitimate, stable and sound operation of the financial industry.
中国人民银行依法对金融机构及其业务经营进行监管,以确保金融业合法、稳定、良好地运转。
4. Before extending a loan, a commercial bank shall conduct strict examination of its purpose, the capability of the borrower and form of repayment as well as other relevant matters.
在发放贷款前,商业银行要对借款的目的、借款人的偿付能力、偿债方式以及其他相关问题进行严格的审查。
5. A commercial bank shall not engage in trust investment of stock business, or invest in real estate not for its own use.
商业银行不得进行股票的信托投资,不得对非自用的房地产业进行投资。
6. Sound and effective regulation and, in turn, the confidence it brings is important for the integrity and development of the markets.
健全有效的制度以及制度所带来的信心对于市场的诚信和发展也很重要。
三、 根据课文内容判断句子正误
1. The banking organizations are not so highly geared as the industrial companies.
F
2. The limit on the deposit insurance coverage also serves to maximize moral hazard on the part of the depositors.
F
3. Bank charter is usually granted by the central bank or a separate supervisory body of a country.
T
4. Banking, by its nature, entails taking a wide array of risks.
T
5. The most important types of operational risk involve breakdowns in external controls or corporate governance.
F
6. Reputation risk is particularly damaging for banks since the nature of their business requires maintaining the confidence of depositors, creditors, and the general marketplace.
T
7. From the bank supervisor's perspective, the most attractive approach is to try to encourage the assisted merger of the failing bank into a sound institution.
Bank managers and owners must not be given incentives to 1 in behavior detrimental to the whole banking system. They must either run their banks 2 or face failure. Deposit insurance is meant to 3 the banking system, not poorly run banks. The fact is that bank 4 are often self-inflicted by owners and managers who mismanage. Such losses can be reduced if the supervisor 5 the bank before it fails totally, since delaying a bank closing or sale tends to increase 6 and to spread them to the banking system as a whole. Even without deposit insurance, bank managers may pursue their own 7 at the expense of the bank. But the problem gets worse with 8 . Managers may indulge in such excesses as high salaries, 9 buildings, and lavish furnishings. To combat this problem, managers could receive an "incentive-compatible contract" to 10 their interests with those of the owners. When the hank is sound, managers can best 11 their professional reputations by keeping it so. However, if a bank begins to 12 and no proper incentive exists to protect its 13 , managers may join owners in being prepared to gamble for recovery by making high-risk loans or to loot or 14 the bank. At that point deposit insurance could 15 their opportunities to do so.