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
2015-01-27
27
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.
【P5】
选项
答案
C
解析
所缺句子前一句提到为有效解决银行存在的问题,充分灵活运用权利是必要的,而后一句则提到如果不能的话,应要求无法达到监管要求的机构迅速且有序地退出,这是为了保持金融体系效率的必要组成部分。从后句中的where they are not,推断出所缺句子应将they所指代的内容以及not后的表语补充完整。而C项中出现了Where problems are remediable,意为如果问题是可以补救的,监管者通常努力确定并实施可全面解决问题的方法。根据上下文,应选C。
转载请注明原文地址:https://jikaoti.com/ti/52FsFFFM
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
NegotiationYourcompanywilldobusinesswithanotherforeigncompany.Sinceitisthefirsttimetodobusinesswiththatc
Inthispartofthetest,youareaskedtogiveashorttalkonabusinesstopic.Youhavetochooseoneofthetopicsfromthe
TaskSheetforCandidateATaskSheet1A:Themanagement:theimportanceofcorporatecultureB:Customerrelations:h
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.
Leavingamessageonanansweringmachine
TaskOne-Job•Forquestions13-17,matchtheextractswiththepeople,listedA-H.•Foreachextract,choosethejobeachsp
•Youwillhearfivedifferentpeopletalkingaboutaspecialtrainingprogrammefortheircompany.•Foreachextractthereare
TASKONE—ADVANTAGE•Forquestions13—17,matchtheextractswiththeadvantages,listedA—H.•Foreachextract,choosetheadv
随机试题
室外配电线路当()时,应采用电缆。
护肩路基的高度一般不超过()m。
在沉箱重力式码头施工中,沉箱安放就位填充完毕后,后方抛石棱体及倒滤层应从墙后开始抛填,是为了()。
甲股份有限公司(以下简称“甲公司”)的相关交易或事项如下:(1)2×18年1月1日发行了50万份分期付息、到期一次还本的可转换公司债券,每份面值为100元,发行价格总额为5100万元,发行费用为40万元。该债券期限为3年,自2×18年1月1日至2×20年
委托服务管理型企业只有()。
无论是古代的邮驿系统,还是现代的邮政系统,书信从寄信人到收信人手中,都需要经过一个时间、空间的旅行,它的特点是慢。而这种慢又_________了人们的情感体验方式和书信体验方式。正是因为书信的___________,古人的时空感知才变得遥远而漫长,而等待、
普通合伙人除名退伙的情形包括哪些?
《韩非子》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”。我国懂得“钻燧取火"的远古居民相当于()
委托发明协议对专利申请权和专利权没有约定的,该权利属于()。
以下属于网络管理协议的是——。
最新回复
(
0
)