外文翻译--在金融机构的有效风险管理

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1、原文：EffectiveriskmanagementinfinancialinstitutionsAbstract：Riskmanagementismoreimportantinthefinancialsectorthaninotherpartsoftheeconomy.Butitisdifficult.Thebasisofbankingandsimilarfinancialinstitutionsistakingriskinconditionsofuncertainty.DescribeshowtheTurnbullreport,forwhichtheauthorwasprojec

2、tdirector,createdanewunderlyingapproachtorisk.ProvidesaguidetothewayinwhichthevariousTurnbullideashavebecomethebedrockofriskmanagementandsuggestshowtheycanbedeveloped.Therecanbefew,ifany,partsoftheeconomyinwhichriskmanagementismoreimportantthanthefinancialsector.Financialinstitutionsaccountfora

3、sizeablenumberoftheworld’sleadingcompaniesandhaveacriticalroletoplayintheeconomicsofeverycountryandthusinworldeconomicorderasawhole.Theirwholebusinessiscentredontakingrisksinconditionsofuncertainty.TheTurnbullReportonriskmanagementandinternalcontrol,whichisapplicabletoalllistedcompaniesintheUKa

4、ndwhichhasbeenwidelydisseminatedinternationally,fullyrecognisesthisfundamentalpoint.Itsfocusisoneffectiveriskmanagementandnottheeliminationofrisk.Inamoderncompetitivemarketeconomy,businessorganisationsthatareriskaverseareunlikelytoearnsatisfactoryreturns.Ontheotherhand,highlyvolatilereturnsareu

5、nlikelytofindfavourwithcapitalmarketsanxiousnottobesurprised,particularlybybadnews.Moreover,Turnbullisasmuchaboutdoingtherightthingsandnotmissingstrategicopportunities,asitisaboutdoingthingsright,essentialifacompanyistoachieveitsfullpotential.ApplyingTurnbull’sapproachmayleadtosomefinancialinst

6、itutionsrealisingthattheyarenottakingenoughrisk;perhapsanewmarketcanbeidentifiedandwhiletheremaybeclearrisksinbeingthefirsttoentertheremayequallybesignificantfirst-moveradvantagestobegained.Aframework,notarulebookTheTurnbullReportalsorecognisesthedynamicnatureofmarketsinwhichanorganisationopera

7、tesandseekstoencouragecompaniestocreateriskmanagementsystemsthatcancontinuallyadapttochangingcircumstances.Toavoidparticularcontrolsbeingseenasanendinthemselvesevenoncetheirusefulnesshasceased,theguidanceplacesinternalcontrolsfirm