| 1. | Is a situation in which hlis taking excessively large positions are overwhelmed by market forces
是持仓量过多的高杠杆机构被市场力量淹没。 |
| 2. | Even with reduced overall leverage , hlis could still build large foreign exchange positions relative to these markets
即使整体的杠杆比率减低了，但相对于这些市场来说，高杠杆机构的持仓量仍有可能相当大。 |
| 3. | 12 . under these circumstances , there are two types of scenario where hlis could pose concerns in their interaction with financial markets
12 .因此，有两种不同高杠杆机构与金融市场的互动关系的情况可引起关注。 |
| 4. | The basle committee on banking supervision has put forward two proposals for the revision of the capital accord , which would help address the concerns on hlis
为此，巴塞尔银行监管委员会提出了两项修改资本协定的建议。 |
| 5. | First , domestic structural reforms . secondly , monitoring and surveillance of capital flows . thirdly , coping with the destabilising impact of hlis
第一项挑战是本土的结构性改革，第二是监察资金流向，最后是应付高杠杆机构对市场稳定造成的影响。 |
| 6. | 17 . while we agree that enhanced risk management of hlis and their counterparties is a useful first line of defence , two major concerns remain
17 .虽然我们认同高杠杆机构及其交易对手加强风险管理是相当有用的第一道防线，但仍然有两个主要问题令人关注。 |
| 7. | The basle committee on banking supervision , and iosco have issued respective guidelines on sound practices for interactions with hlis for banks and securities firms
巴塞尔银行监管委员会和国际证监会组织均分别就与高杠杆机构交易的有效办法，向银行和证券公司发出指引。 |
| 8. | There is anecdotal evidence that some large hlis are becoming less willing to supply information to their counterparties as memories of the ltcm saga are fading
近期有传闻指出，随著大家淡忘长期资本管理公司的事件，部分大规模的高杠杆机构在向交易对手提供资料方面变得比较不情愿。 |
| 9. | It might also be possible for hlis to build up potentially destabilising positions in smaller markets while remaining inside internal limits on leverage and or liquidity risk
同时，高杠杆机构可累积足以动摇较小规模市场的仓盘量，但却仍然在杠杆比率及或流动资金风险的内部限额之内。 |
| 10. | The third challenge i should like to touch upon is how to cope with the destabilising impact of highly leveraged institutions hlis . the issue is how to improve the stability and functioning of the financial markets for all market participants
我打算讨论的第三项挑战，是如何应付利用高杠杆效应运作的机构高杠杆机构对市场稳定造成的影响。 |
