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梦梦 · 2024年08月08日

混业经营的利益冲突

NO.PZ2023091802000001

问题如下:

The investment banking division of a large German bank recently engaged a new client whose business is in direct competition with an existing client of the commercial banking division of the bank. A manager in the commercial banking division is concerned about conflicts of interest that may arise from providing both clients with a high level of customer service. What is of greatest concern to the manager regarding this situation?

选项:

A.

The investment banking division pressuring the banks brokers to buy certain securities for clients

B.

The investment banking division pressuring researchers to generate buy recommendations for the new client

C.

The investment banking division pressuring commercial bankers to confirm material nonpublic information

D.

The investment banking division pressuring commercial bankers to open a banking relationship with the new client

解释:

C is correct. An investment banker could be advising the new client on an acquisition involving the existing client as either a target or a competing bidder. Investment bankers might ask commercial bankers to confirm material nonpublic information about the existing client.

A is incorrect. While this is a conflict of interest, this is not likely the concern of the commercial banking manager as this conflict deals with the brokerage division.

B is incorrect. While this is a conflict of interest, this is not likely the concern of the commercial banking manager as this conflict deals with the research department of the brokerage division.

D is incorrect. This is not a conflict of interest.

老师好,B选项提到的要求 researchers to generate buy recommendations 是啥意思?

3 个答案
已采纳答案

李坏_品职助教 · 2024年08月20日

嗨,爱思考的PZer你好:


本题说的是“A manager in the commercial banking division”,商业银行部门的经理会担心什么利益冲突。


A说的是给 banks brokers施加压力,而brokers是经纪商,不属于商业银行部门经理管辖范围,不是题目问的。

B说的是给分析师施加压力,那是研究部门的活儿,也不是商业银行部门的范围。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

梦梦 · 2024年08月22日

好的,谢谢🙏

李坏_品职助教 · 2024年08月23日

嗨,爱思考的PZer你好:


加油~~

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努力的时光都是限量版,加油!

李坏_品职助教 · 2024年08月08日

嗨,从没放弃的小努力你好:


B的意思是,投行部门给分析师们施加压力,逼迫分析师出具“推荐买入”级别的研究报告,以此来忽悠新的客户买入目标公司的股票。


分析师出具的报告一般分为 看空、中性、看多、推荐买入这几个级别,投行部门为了操纵某些股票价格,有时会逼迫分析师写推荐买入的报告。

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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

梦梦 · 2024年08月20日

那为啥A和B不是concern的问题?

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