首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Read this text about effective banking supervision. Choose the best sentence from the opposite page to fill each of the gaps
Read this text about effective banking supervision. Choose the best sentence from the opposite page to fill each of the gaps
admin
2018-06-30
50
问题
Read this text about effective banking supervision.
Choose the best sentence from the opposite page to fill each of the gaps.
For each gap(9-14), mark one letter(A-H)on your Answer Sheet.
Do not use any letter more than once.
There is an example at the beginning(0).
Effective Banking Supervision
Effective supervision of banking organisations is an essential component of a strong economic environment in that the banking system plays a central role in making payments and mobilising and distributing savings. The task of supervision is to ensure that banks operate in a safe and sound manner and that they hold capital and reserves sufficient to support the risks that arise in their business. Strong and effective banking supervision provides a public good that may not be fully provided in the marketplace and, along with effective macro-economic policy, is critical to financial stability in any country.(0).G....
Banking supervision should foster an efficient and competitive banking system that is responsive to the public’s need for good-quality financial services at a reasonable cost. Generally, it should be recognised that there is a trade-off between the level of protection that supervision provides and the cost of financial intermediation.【P1】______
Supervision cannot, and should not, provide an assurance that banks will not fail. In a market economy, failures are a part of risk-taking. 【P2】______Such matters cannot therefore always be entirely the responsibility of banking supervisors; however, supervisors should have in place adequate arrangements for resolving problem bank situations.
1. Providing sound and sustainable macro-economic policies are not within the competence of banking supervisors. Supervisors, however, will need to react if they perceive that existing policies are undermining the safety and soundness of the banking system.【P3】______ Therefore, sound macro-economic policies must be the foundation of a stable financial system.
2. A well-developed public infrastructure needs to cover the following facilities, which, if not adequately provided, can significantly contribute to the destabilization of financial systems: A system of business laws including corporate, bankruptcy, contract, consumer protection and private property laws; Comprehensive and well-defined accounting principles and rules that command wide international acceptance; A system of independent audits for companies of significant size.
3. Effective market discipline depends on an adequate flow of information to market participants, appropriate financial incentives to reward well-managed institutions and arrangements that ensure that investors are not insulated from the consequences of their decisions.【P4】______
4. Sufficiently flexible powers are necessary in order to effect an efficient resolution of problems in banks.【P5】______Where they are not, the prompt and orderly exit of institutions that are no longer able to meet supervisory requirements is a necessary part of an efficient financial system. Forbearance, whether or not the result of political pressure, normally leads to worsening problems and higher resolution costs.
5. Deciding on the appropriate level of systemic protection is by and large a policy question to be taken by the relevant authorities, particularly where it may result in a commitment of public funds.【P6】______In order to preserve the operational independence of supervisors, it is important to draw a clear distinction between this systemic protection role and day-to-day supervision of solvent institutions.
Example:
A In the absence of sound macro-economic policies, banking supervisors will be faced with a virtually impossible task.
B The way in which failures are handled, and their costs borne, is in large part a political matter involving decisions on whether, and the extent to which, public funds should be committed to supporting the banking system.
C Where problems are remediable, supervisors will normally seek to identify and implement solutions that fully address their concerns.
D Supervisors will also normally have a role to play because of their in-depth knowledge of the institutions involved.
E The lower the tolerance of risk to banks and the financial system, the more intrusive and costly supervision is likely to be, eventually having an adverse effect on innovation and resource allocation.
F Off-site monitoring can often identify potential problems, particularly in the interval between on-site inspections.
G While thecost of banking supervision is indeed high, the cost of poor supervision has proved to be even higher.
H Among the issues to be addressed are corporate governance and ensuring that accurate, meaningful, transparent and timely information is provided by borrowers to investors and creditors.
【P4】
选项
答案
H
解析
浏览本段可知:本段是对有效的市场纪律做简要介绍。所缺句子的前一句意为:有效的市场纪律取决于向市场参与者所提供的充分的信息、对管理良好的机构给予适度的经济刺激奖励以及确保投资者承担其决策结果的各项安排。所缺句子应对市场纪律做进一步的说明。H项与提供信息和企业的管理有关,意为:要处理的问题包括企业管理以及保证借款人向投资者及债权人提供准确的、有意义的、透明的和及时的信息,故选此项。
转载请注明原文地址:https://kaotiyun.com/show/oa7d777K
本试题收录于:
BEC高级阅读题库BEC商务英语分类
0
BEC高级阅读
BEC商务英语
相关试题推荐
TASKONE—ADVANTAGE•Forquestions13—17,matchtheextractswiththeadvantages,listedA—H.•Foreachextract,choosetheadv
TASKONE—ADVANTAGE•Forquestions13—17,matchtheextractswiththeadvantages,listedA—H.•Foreachextract,choosetheadv
•Youwillheartheorganiserofanannualconferenceattendedbythesalesrepresentativesofalargecompany.Heistellingth
•Youwillhearadialogueamongfourspeakers.TheyaretalkingaboutMegadromeParkproblem.•Foreachquestion(23-30),mark
TASKONE—PROBLEMS•Forquestions13—17,matchtheextractswiththeproblems,listedA—H.•Foreachextract,choosetheproblem
•YouwillhearabusinesspresentationaboutHigh-ImpactViralMarketingStrategies.•Asyoulisten,forquestions1—12,complet
•Readthetextbelowaboutthelogistics.•Inmostofthelines41-52thereisoneextraword.Itiseithergrammaticallyinco
•Readthetextbelowabouttelevisionnetwork.•Inmostofthelines41—52thereistoneextraword.Itiseithergrammatically
•Readthetextbelowabouttelevisionnetwork.•Inmostofthelines41—52thereistoneextraword.Itiseithergrammatically
随机试题
某公司2012年上半年的销售额如下表:计算总体2012年上半年每月平均销售额的点估计和总体标准差的点估计。(计算结果保留小数点后两位)
有关齿状线解剖意义的描述中,错误的是
强心苷中毒处理措施
关于艾滋病母婴传播的预防策略,以下哪项是不正确的
某工程,监理单位承担其中A、B、C三个施工标段的监理任务。A标段施工由甲施工单位承担,B、C标段施工由乙施工单位承担。工程实施过程中发生以下事件。事件1:A标段基础工程完工并经验收后,基础局部出现开裂。总监理工程师立即向甲施工单位下达《工程暂停令
商业银行在向客户提供理财顾问服务的基础上,接受客户的委托和授权,按照与客户事先约定的投资计划和方式进行投资于资产管理的业务活动是()
《韩非子》中记载:“上古之世……民食瓜果蚌蛤,腥臊恶臭,民多疾病,有圣人作,钻燧取火,以化腥臊。”懂得“钻燧取火”的我国远古居民相当于()
在良好的环境中,有的人没有什么成就,甚至走向与环境所要求的相反的道路;在恶劣的环境中,有的人却“出淤泥而不染”。这种现象说明()
甲为抢劫财物将王某打昏,甲的朋友乙刚好经过此地,乙得知真相后帮助甲照明,使甲顺利地将王某钱包拿走。关于本案,下列说法正确的是()
Hewasvery______abouthisscarandthoughteveryonewasstaringathim.
最新回复
(
0
)