Banks face losses from three sources : their own position if short or long i

游客2025-06-20 31

问题 Banks face losses from three sources : their own position if short or long in a particular currency; dealing positions taken by employees who gamble with the bank’s money; and defaults by counter-parties to forward exchange contracts and covering transactions. These risks were well illustrated by events in 1974: Bankhaus Herstatt, cologne, collapsed due largely to losses on its foreign exchange exposures; Lloyds Bank, Lugano, lost USD77 million due to unauthofised trading by staff. Herstatt’s closure by the Bundesbank during working hours left many banks with unfulfilled foreign exchange transactions. Since then banks and authorities have tightened their control. Banks still take a position on foreign currencies and put traders on commission to speculate on their behalf, but mainly on within-day trading or on overnight positions. On longer-term positions banks aim to match liabilities and claims in a particular currency or cover the difference in the swap market. [br] If employees of a bank gamble in foreign exchange dealings with the bank’s money, the bank will suffer heavy losses of foreign currencies.

选项 A、Right
B、Wrong
C、Doesn’t say

答案 A

解析第一句中间dealing positions taken by employees who gamble with the bank’s money以及举例，都说明了题中观点是正确的。

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