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非审慎性

English translation: non-prudential

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Chinese term or phrase:非审慎性
English translation:non-prudential
Entered by: Wilman
Options:
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01:00 Mar 8, 2007
Chinese to English translations [PRO]
Law/Patents - Law (general)
Chinese term or phrase: 非审慎性
取消了对外资银行的一切非审慎性市场准入限制,向在中国注册的外资法人银行全面开放人民币业务
I found 'non-operating prudent market access restrictions' on Google but what does 非审慎性 really mean? I appreciate your help.
Wilman
United States
Local time: 13:43
non-prudential
Explanation:
http://microfinancegateway.org/resource_centers/savings/glos...
In non-prudential regulation, the financial sector authority (regulator) does not vouch for or assume responsibility for the soundness of the “regulated” institutions. Non-prudential regulatory techniques may include: registration and legal chartering of licensed entities; disclosure of ownership or control; reporting or publication of financial statements; norms for the content and presentation of such statements; accounting and audit standards; transparent disclosure of interest rates to consumers; external audits; submission of names of borrowers and status of their loans to a central credit information bureau; and interest rate limits. Enforcement of non-prudential regulations seldom involves regular supervision or on-site inspection.

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Note added at 7 mins (2007-03-08 01:08:05 GMT)
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http://www.imf.org/external/pubs/ft/wp/2006/wp06292.pdf
Non-prudential market access on foreign banks restrict ownership, operation, and juridical form of foreign financial institutions, including on internal branching and licenses.
Selected response from:

peiling
Germany
Local time: 19:43
Grading comment
Thanks.
4 KudoZ points were awarded for this answer

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Summary of answers provided
3 +4non-prudential
peiling


  

Answers


4 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +4
non-prudential


Explanation:
http://microfinancegateway.org/resource_centers/savings/glos...
In non-prudential regulation, the financial sector authority (regulator) does not vouch for or assume responsibility for the soundness of the “regulated” institutions. Non-prudential regulatory techniques may include: registration and legal chartering of licensed entities; disclosure of ownership or control; reporting or publication of financial statements; norms for the content and presentation of such statements; accounting and audit standards; transparent disclosure of interest rates to consumers; external audits; submission of names of borrowers and status of their loans to a central credit information bureau; and interest rate limits. Enforcement of non-prudential regulations seldom involves regular supervision or on-site inspection.

--------------------------------------------------
Note added at 7 mins (2007-03-08 01:08:05 GMT)
--------------------------------------------------

http://www.imf.org/external/pubs/ft/wp/2006/wp06292.pdf
Non-prudential market access on foreign banks restrict ownership, operation, and juridical form of foreign financial institutions, including on internal branching and licenses.

peiling
Germany
Local time: 19:43
Works in field
Native speaker of: Native in EnglishEnglish, Native in MalayMalay
PRO pts in category: 22
Grading comment
Thanks.

Peer comments on this answer (and responses from the answerer)
agree  Julia Zou
10 mins
  -> thanks

agree  pkchan
3 hrs
  -> thanks.

agree  Jason Ma
4 hrs

agree  Denyce Seow: www.pbcti.cn/main/show.php?id=5130
7 hrs
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