不规范的衍生产品市场大约价值600兆美元。
The largely unregulated market in derivatives is estimated at six hundred trillion dollars.
今天，监管者第一次有了全面监管场外衍生产品市场的工具。
Today, regulators are putting in place the tools to comprehensively regulate the OTC derivatives market for the first time.
我们很清楚在这个复杂的衍生产品市场有各色人等。
And we're very clear about who the various parties are in these complex derivatives transactions.
最近，该银行一直试图进入衍生产品市场的内部圈子，但是至今仍被拒绝。
Recently, the bank has been seeking to enter the inner circle of the derivatives market, but so far, it has been rebuffed.
所以我们就看到了当前有关衍生产品市场到底有多大份额可以得到规则的豁免的辩论。
So we have the current argument over how much of the derivative market will be exempt from regulation.
近年来以股指期货为核心的衍生产品市场已成为各金融中心竞争的焦点所在。
In recent years, the index future, as the very core of derivatives market, has become the focus of competition for the financial centers.
主要研究和教学领域：资产定价，实证金融，计量经济学方法，金融衍生产品市场。
Research and teaching: Asset Pricing, Empirical Finance, Econometric Methods, and Derivative Markets.
近年来，金融衍生产品市场日益增长的重要性已经增加了数学技能的金融机构的要求。
In recent years the growing importance of derivative products financial markets has increased financial institutions' demands for mathematical skills.
市场监管者或许不同意机构风险分析顾问克里斯多夫.威尔将未上市金融衍生产品市场的运作视为“恶魔行为”的言论。
The market's overseers may not agree with Christopher Whalen of Institutional Risk Analytics, a consultancy, when he describes off-exchange derivatives as an “act of Satan”.
我们说的是衍生产品市场，它必须——可以继续做，但必须置于公开、透明的市场，好让每个人都知道，是谁依据什么在赌。
And what we said was that derivatives market, it needs — it can continue, but it's got to be in an open, transparent marketplace so that everybody knows who is betting on what.
通过重新选择指数，而指数完全是由在衍生产品市场已相对具有流动性的各种要素组合而成，我们相信我们正使程序简单化。
By re-selecting the index so that it consists entirely of components which are already relatively liquid in the derivatives market, we believe we are making this process considerably easier.
银行还要求ICE向Markit公司独家提供市场数据。Markit是一家很少有人知道的却在衍生产品市场扮演重要角色的公司。
The Banks also required ICE to provide market data exclusively to Markit, a little-known company that plays a pivotal role in derivatives.
对于衍生产品，由于这些金融工具一旦结束兑换交易将要进入公开市场，公司将会有收入损失。
On products like derivatives, firms will lose revenue as instruments once traded off exchanges will move into open markets.
脱离股市，逐步走向企业债券、货币和新衍生产品，基金应该会增加亚洲市场的流动性和复杂性。
In moving away from equities towards corporate bonds, currencies and new derivatives the funds should add to the liquidity and sophistication of Asian markets.
而韩国在最近几年由于开始了资产衍生产品的交易，已经成为了世界上最大的担保市场之一。
South Korea has become one of the world's biggest markets for warrants in the few years since it started trading in equity derivatives.
这些规则可以推动衍生产品进入他们没有多少控制权的海外市场。
The rules could drive derivatives to offshore markets, over which they have less control.
信用衍生产品的快速涌现和对冲基金地位的增强会使得市场更加稳定或是不稳定？
Will the rapid emergence of credit derivatives and the greater role of hedge funds make markets more-or less-stable?
第二个原因在于信用衍生产品的大量增长，它们给予投资者在国债市场抽样的能力，从而使得投资者只暴露于他们觉得有吸引力的精确风险之下。
A second reason is the massive growth of credit derivatives, which has given investors the ability to sample the debt markets so as to get exposure to the precise risks they find attractive.
这些人中许多同样的人对其他的清算所也具有影响力，或者在帮助管理市场，又有影响力的国际互换和衍生产品协会的委员会中具有影响力。
Many of these same people hold influential positions at other clearinghouses, or on committees at the powerful International Swaps and Derivatives Association, which helps govern the market.
但是四家清算所中的三家都告诉它说，他的衍生产品业务资本量太小，对整个市场可能带来太大的潜在风险。
But three of the four main clearinghouses told the bank that its derivatives operation has too little capital, and thus potentially poses too much risk to the overall market.
他们还搞复合衍生产品，让客户赌金融市场的走向或者对冲复杂化的交易策略的风险。
They would also engage in complex derivatives that let clients bet on the direction of financial markets or let them hedge the risk of complicated trading strategies.
衍生产品合约可私下达成，其市场缺乏规范，且没有公开交易信息的中心场所。
Derivatives transactions are struck privately and the market is unregulated, with no central exchange where trades are disclosed.
利皮奈称，的确，由于衍生产品是为客户量身定制的，这些金融工具根据投资银行的工作而有所变化，使市场变得不透明。
Indeed, Lepinay asserts, because derivatives are often personally tailored for clients, these financial tools have changed how investment Banks work and helped make markets opaque.
大量采用金融关联机构、场外交易衍生产品、回购资金市场、对冲基金和证券化的影子银行的做法被带到了监管的阳光下。
Shadow banking-through large, interconnected financial firms, OTC derivatives, "repo" funding markets, hedge funds, and securitization-is brought into the regulatory daylight.
导致AIG衰落的原因是其过度扩张的从事金融衍生品的单位：aig金融产品部。该部门不顾潜在的危险，大肆出售大量信用违约互换(译者注：信用违约互换是国外债券市场中最常见的信用衍生产品)。
The cause of its downfall was an overly-exuberant derivatives arm, AIG Financial Products, which sold piles of credit default swaps with nary a thought for their hidden risks.
一般来说，一个衍生产品是一种对市场表现的场外赌注(side bet)，通常涉及股票、债券、货币以及商品，或者市场之间的关系，现在或者将来的。
Generally, a derivative is a kind of side bet on the performance of a market - usually involving stocks, bonds, currencies and commodities - or the relationship between markets, now or in the future.
一般来说，一个衍生产品是一种对市场表现的场外赌注(side bet)，通常涉及股票、债券、货币以及商品，或者市场之间的关系，现在或者将来的。
Generally, a derivative is a kind of side bet on the performance of a market - usually involving stocks, bonds, currencies and commodities - or the relationship between markets, now or in the future.
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