| 1. | To increase the level of transparency allowing the forces of market discipline to work more effectively
提高透明度，好让市场规律的力量能更有效地运作。 |
| 2. | The government ' s recessive guarantee and the subordinated debt ' s market discipline to commercial banks risk - taking
政府隐性担保对商业银行次级债券的风险约束功能的弱化 |
| 3. | Market discipline , particularly if we are talking about an emerging market in the context of globalisation , can be quite brutal
市场规律可以非常严苛，对全球化下的新兴市场来说更是不能小觑。 |
| 4. | But a group of initiatives to which i would like to draw particular attention is those that i would describe as being for the purpose of strengthening market disciplines
不过，我希望大家特别留意的，是与加强市场纪律有关的措施。 |
| 5. | But , thankfully , the domestic banks there are not , at least for the time being , subject to the same market discipline as banks in a market economy are
幸好至少暂时来说，中国内地的银行不像在市场经济下的银行，受到同样的市场规律约束。 |
| 6. | Initiatives aimed at strengthening market disciplines in the banking sector are intended to help the market work more efficiently - not to " over - regulate "
金管局为强化银行业的市场纪律而推出的措施旨在提高市场效率，绝对不是过度规管。 |
| 7. | This , again , is something i very much approve of , as i believe market discipline has an important role to play in reinforcing appropriate behaviour by market participants
我很赞成这一点，因为市场纪律在确保市场人士自律方面具有重要作用。 |
| 8. | To bring the subordinated debt ' s market discipline into full play , we must clear up the investors ' anticipation for the government ' s recessive guarantee
要充分发挥次级债券约束商业银行风险作用，就必须消除次级债券持有人对政府隐性担保的预期。 |
| 9. | Rather , the focus should be on internal risk management by institutions themselves and on the market discipline which can be exerted through public disclosure .
相反，我们应该把重点放在机构的内部风险管理上，并透过公开披露资料而令市场更为自律。 |
| 10. | Arguably , the market discipline imposed on macro - economic policies of emerging markets may de facto be more stringent than those imposed on developed markets
有些人认为新兴市场推行宏观经济政策所受到市场纪律的制约，可能会较已发展市场所受的严苛。 |
