广东银监局外资处招聘实习生

wwyuguo

招聘人数：2名
工作内容：
1、参与国际经济金融相关材料的编译（英中互译）；
2、参与相关会议背景资料整理；
3、参与银行业相关课题研究；
4、可参加局内银行业务与监管业务培训。
相关要求：
1、进入实习阶段的研究生同学；
2、实习时间3个月以上，并每周3天以上；
3、较强的英语读写和翻译能力，认真负责，踏实细心；
4、金融经济类优先；
5、实习地点为广州，不提供住宿。
薪酬待遇：无实习津贴，但局内提供早中餐，及其他福利。
工作地点：广州市沿江中路193号，地铁2号线A出口。
应聘人员请将简历及附件翻译结果寄至： wwyuguo@163.com
报名截止时间：3月22日
如有疑问，请联系：吴玉国，电话83348428; 18027283130


附件：
请将以下英文段落编译为中文。编译要求：
1、调整表述角度，抹去第一人称表述方式；
2、用语规范，符合中文表达习惯；
3、翻译准确，译文表达内容应与原文相符。
段落一：
Under QE3, the FOMC directed the New York Fed’s trading desk to purchase a total of $1.7 trillion in longer-term Treasuries and mortgage-backed securities, on top of the $2 trillion invested in the first two rounds of quantitative easing. When we started the first tranche of asset purchases in late 2008, our balance sheet had footings of around $900 billion; as the third and final round of quantitative easing ends, our balance sheet has reached $4.5 trillion.
The initial impetus for MBS purchases was a wide gap between MBS and Treasury yields, symptomatic of a dysfunctional mortgage-finance market. The Federal Reserve responded by purchasing $1.3 trillion in MBS and agency debt as part of QE1, the program of balance-sheet expansion that ran from late 2008 through the spring of 2010. Holdings of MBS and agency debt were then allowed to run off and by September 2011 had fallen to a little under $1 trillion. Holdings were stabilized at that level when proceeds from maturing agency securities and MBS began to be reinvested in MBS, starting October 2011.

段落二：
A strong legal and regulatory framework is the basis of any effective regime. Over the years, MAS has updated our AML/CFT Notices for financial institutions several times, to take into account the latest global developments, as well as to incorporate emerging best practices. Our efforts to stay ahead of the curve are recognised internationally. In the 2008 FATF evaluation exercise, Singapore is assessed to have a strict and rigorous AML/CFT regime. We have agreed to undergo another evaluation in 2015. 11 We should not be complacent, for the reasons that I mentioned earlier. MAS will continue to strengthen the AML/CFT regime for financial institutions, to maintain relevance and effectiveness. Later this month, we will be issuing a public consultation on proposed amendments to a range of MAS’ AML/CFT Notices for financial institutions. This round of amendments draws reference from the revised FATF recommendations as well as international best practices, and should not be a surprise for those of you who have been following these developments. While there are a few new requirements in response to FATF recommendations, many of the proposed changes formalise existing practices and supervisory expectations. But let me highlight one change.
When banks first started their ML/TF risk assessments, the focus has largely been around processes to identify and deal with customers with high ML/TF risks. This level of risk assessment is necessary but insufficient now. Just as how a bank should look at the credit risk of its overall loan portfolio and not just of individual customers, ML/TF risk assessments can also benefit from the same approach. We will therefore require financial institutions to assess ML/TF risks at the institution level, to complement individual transaction level checks. This will in essence be the banking industry-equivalent of what the government has done in the NRA. There are several banks that already have such a practice in place, so this requirement will level-up the industry as a whole. 13 Other changes in our impending consultation document will include formalising the need to screen one’s customers, tightening the threshold for enhanced measures on cross-border wire transfers, and providing a risk-based approach for politically exposed persons. Details of these and other amendments will be laid out in the consultation paper. Overall, we do not expect the revisions to require major changes to existing processes, and I welcome your inputs during the consultation.

段落三：
The first is how to make financial markets less dependent on monetary policy. During the past few months, volatility in global markets has fallen to historically low levels (Graph 3). At the same time, the search for yield has gathered pace and credit spreads have narrowed. It is hard to see this as a consequence of receding global risks. Rather, market participants seem to have become convinced that monetary conditions will remain very easy for a very long time. But markets may be taking more assurance than central banks wish to give, and they may be considering only a very narrow spectrum of potential outcomes. Such overconfidence is dangerous. It may encourage excessive risk-taking, and may add to the pressure on central banks to postpone policy normalisation.
The second challenge is to cope with the international spillovers of monetary policy. Many EMEs have struggled with the knock-on effects of last year’s global bond market sell-off.. Some of these effects have resembled past episodes of EME stress, including large exchange rate pressures and the heightened vulnerability of economies with weak fundamentals. But other features are new, including the strong linkages via domestic bond markets in EMEs. This reflects the shift from bank to market-based finance during the past few years – a shift that may have a bearing on financial stability risks during policy normalisation. We have yet to learn whether a market-driven boom is more or less risky than a bank-driven boom. Hyun Shin will elaborate on this “second phase of global liquidity” later, and Chapter IV of the Annual Report deals with these issues.