[欧盟口译训练A1，英语].pdfVIP

1 策马翻译培训 Euit EU interpretation training 欧盟口译训练 Copyright © 2010 CEMACHINA.COM, All Rights Reserved EU interpretation training | A zh-en 2 策马翻译培训 金融监管改革不到位 REFORM OF REGULATION HAS TO START BY ALTERING INCENTIVES Proposals for reform of financial 如今，金融监管改革方案随处可见，其 regulation are now everywhere. The most 中最值得关注的来自美国。6 月中旬，巴拉 significant have come from the US, where 克•奥巴马(Barack Obama)政府拿出了一套 President Barack Obamas administration last 全面的方案，尽管它仍有些缩手缩脚。但这 week put forward a comprehensive, albeit 些提案能降低金融体系遭遇危机的几率 timid, set of ideas. But will such proposals 吗？我的答案是否定的。我之所以如此悲 make the system less crisis-prone? My answer 观，是因为危机加剧了金融业的虚弱状况。 is, no. The reason for my pessimism is that the 拟议中的改革不可能抵消掉这种危险。 crisis has exacerbated the sectors weaknesses. It is unlikely that envisaged reforms will offset this danger. At the heart of the financial industry are 金融业的核心是那些高度杠杆化的企 highly leveraged businesses. Their central 业。它们的核心活动是创造和交易价值不确 activity is creating and trading assets of 定的资产，而债务——正像我们注意到的那 uncertain value, while their liabilities are, as 样——由政府担保。这是一张用纳税人资金 we have been reminded, guaranteed by the 进行赌博的许可证。但神秘之处在于，危机 state. This is a licence to gamble with 的爆发如此罕见。 taxpayers money. The mystery is that crises erupt so rarely. The place to start is with the core of 让我们首先看一看现代资本主义的核 modern capitalism: the limited liability, 心：有限责任股份公司。大型商业银行是有 joint-stock company. Big commercial banks 限责任革命最重要的产物。但银行是特殊种 were among the most important products of 类的公司：对它们而言，债务不单是一种业 EU interpretatio