1、

Proper pundits mutter darkly about rule of law and universal suffrage, shadow banking and debt defaults. But I prefer to tell a tale of toilets.

真正的专家们严肃地讨论着法治和普选、影子银行和债务违约,我却宁愿讲一个关于马桶的故事。

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2、

Shadow banking refers to illegal and unregulated lending practices through financing companies, trusts, street-side lenders or the like instead of through banks.

影子银行业指的是不通过银行,而是通过融资公司、信托机构、民间贷款商等机构进行非法及不受监管的放贷活动。

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3、

In Hong Kong they are mining it with shipping container-sized, liquid-cooled rooms of computer circuitry. In Wenzhou, the Silicon Valley of Chinese shadow banking, it was an object of fervid speculation.

在香港,人们用来挖掘它的计算机电路室,已经和船运集装箱一般大小,还配备着液体冷却装置;在中国影子银行体系的硅谷&温州,它是人们狂热投机的对象。

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4、

These unlevel playing fields will chase capital out of the highly regulated formal banking sector and away from countries with strong rules and into new, less regulated or unregulated shadow banking systems.

这种不公平竞争,将促使资本逃离受到高度监管的正规银行系统和法规严厉的国家,流入监管较少甚至不受监管的新影子银行系统。

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5、

They also take aim at a key segment of the shadow banking world, known as the repurchase, or repo, market.

它们还针对影子银行世界的一个重要领域,即所谓的回购市场。

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6、

Vanke's criticism of Baoneng's debt financing alludes to concerns over shadow banking.

万科对宝能债务融资的批评,提及了影子银行引起的担忧。

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7、

Chinese households searching for higher yields from their savings have strayed into shadow banking and property speculation with unstable consequences.

寻求获得比储蓄更高收益的中国家庭迷失在影子银行业和房地产投机上,这种行为往往伴随着不稳定的结果。

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8、

Systemic risk could also arise from "shadow banking", and its regulation is being explored at the financial stability board.

系统性风险的另一可能来源是“影子银行体系”,金融稳定委员会(financial stability board)正在研究对该体系实施监管的办法。

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9、

The "shadow banking system" the financial firms that operate outside of a framework of oversight and prudential regulation is much smaller, with assets at roughly half the level of2007.

“影子银行系统”(shadow banking system),即在监管和审慎调控的框架之外运作的金融公司,缩小很多,资产约为2007年水平的一半。

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10、

Shadow Banking, refers to those tools and products exist in banking functions, but drifted away from regulation, or rarely regulated financial institutions and their derivatives.

影子银行(Shadow Banking),指那些存在着银行功能,但是却游离于监管之外,或者很少受监管的金融机构及其衍生工具和产品。

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11、

shadow banking can and usually does take many forms, including loan sharks, investment companies known as trusts and off-balance-sheet lending by regular banks.

“影子”银行能够(并通常)以许多形式存在,包括高利贷、信托等投资活动、以及正规银行的表外放贷活动。

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12、

As for financial risks such as shadow banking, we have tightened regulatory measures, set a timetable and started to apply the Basel III requirements.

对于影子银行等金融风险,我们也正在加强监管,已经排出时间表,推进实施巴赛尔协议III规定的监管措施。

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13、

As the G20 completes work on the core of the financial system, reforms to shadow banking must, and will, progress.

随着G20完成对金融体系核心的改造,对影子银行的改革必须、也必将继续推进。

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14、

My colleague Hyun Song Shin at Princeton has pointed out to me lately that the shadow banking system in the US is largely European banks.

我在普林斯顿大学的同事申铉松(Hyun Song Shin)最近向我指出,美国的影子银行体系主要由欧洲银行组成。

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15、

In the US, the Dodd-Frank legislation makes several efforts to tackle the risks posed by the shadow banking sector.

在美国,多德-弗兰克(Dodd-Frank)法案做出了一些努力,试图应对影子银行业带来的风险。

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16、

It belies any idea, says Patrick Chovanec, a China-based economist, that shadow banking represents a more market-driven pricing of risk.

驻中国经济学家程致宇(patrick chovanec)表示,这证明如下看法是错误的:影子银行可以提高风险定价的市场化程度。

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17、

Moreover, with the actual situation of Chinese financial market, the article pointed out the unique form of Chinese shadow banking system and its potential risk management problems and proved the defect of VaR model by utilizing empirical analysis.

进而,针对我国金融体系实际情况,指出我国影子银行体系存在的独特形态与其存在的潜在风险监管问题,并通过实证分析得出VaR模型的缺陷分析。

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18、

We need to be constructing a regulatory and supervisory regime that guards against shadow banking creating [ its] crisis in 2015 or 2020, Lord Turner, the UK regulator who helped lead the project, told the Financial Times.

参与牵头发起此项目的英国监管者特纳勋爵(Lord Turner)对英国《金融时报》表示:我们需要建立起防止影子银行在2015或2020年制造出危机的监管和监督体系。

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19、

The fall of Lehman, Bear Stearns and other banks around the world in 2008 was made possible because the financial risk that stemmed from the US subprime mortgage lending was being recycled around the market via shadow banking structures.

雷曼兄弟、贝尔斯登(bear stearns)以及全球其它银行在2008年破产的原因是,源自美国次贷的金融风险通过影子银行结构在市场上反复循环。

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20、

Non-bank lending markets face unprecedented levels of government intervention under sweeping proposals to tame "shadow banking" laid out by global regulators meeting as the financial stability board.

根据全球监管者会议金融稳定委员会(fsb)有关整顿“影子银行”的全面提议,非银行放贷市场正面临空前水平的政府干预。

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