2. 外语
  3. Banks face losses from three sources: their own position if short or long in a particular currency ; dealing positions taken by

Banks face losses from three sources: their own position if short or long in a particular currency ; dealing positions taken by

admin2013-12-25  34
问题     Banks face losses from three sources: their own position if short or long in a particular currency ; dealing positions taken by employees who gamble with the bank ’ s money; and defaults by counter-parties to forward exchange contracts and covering transactions. These risks were well illustrated by events in 1974 : Bankhaus Herstatt, cologne, collapsed due largely to losses on its foreign exchange exposures; Lloyds Bank, Lugano, lost USD77 million due to unauthorised trading by staff. Herstatt’ s closure by the Bundesbank during working hours left many banks with unfulfilled foreign exchange transactions. Since then banks and authorities have tightened their control. Banks still take a position on foreign currencies and put traders on commission to speculate on their behalf, but mainly on within-day trading or on overnight positions. On longer-term positions banks aim to match liabilities and claims in a particular currency or cover the difference in the swap market.
Banks in international lending face the risks common to all banks; liquidity risk, interest rate risk, credit(asset)risk, and contingent liabilities risk.
选项 A、Right
B、Wrong
C、Doesn’t say
答案C
解析 文章通篇提及银行面临的三类风险，并加以举例，并没有提及Banks in internationallending。
转载请注明原文地址:https://kaotiyun.com/show/mLid777K
本试题收录于： FECT综合（现代金融业务）题库金融英语（FECT）分类
0

FECT综合（现代金融业务）

金融英语（FECT）

相关试题推荐
随机试题
最新回复(0)