从事交易业务的机构证券部门仍旧是摩根士丹利最赚钱的部门。
The bank's institutional securities division, which houses its trading business, is still Morgan Stanley's biggest moneymaker.
最近，出现了一点关于评级机构的丑闻，因为他们将一些次级证券评为AAA 级。
Recently, there is a bit of a scandal regarding these rating agencies because they gave AAA ratings to some subprime securities.
其他途径包括与机构和私人投资者私下配售（或出售）股票以及非上市证券市场。
Other avenues include private placings (or sale) of shares with institutions and private investors and the Unlisted Securities Market.
结果性产品在危机期间的表现极差，但评级机构辩护称，这些证券当初得分很高是因为它们不够透明，难以评估。
When structured products tanked during the crisis, ratings agencies defended the securities' high scores by arguing that they were too opaque to evaluate.
除中国外，该地区金融机构受抵押贷款证券(或者次债危机)的直接影响是有限的。
Except for China, direct exposures of financial institutions in the region to mortgage-based securities (or sub-prime crisis) are limited.
理论上，证券评估机构和数学模型帮助投资者评价自身的风险，即使手中的股票很少进行交易。
In theory, ratings agencies and mathematical models help investors price the risk they are taking on, even if the securities they are buying are scarcely traded.
证券登记结算机构不得将客户的证券用于质押或者出借给他人。
Securities registration and settlement organizations shall not mortgage their clients' securities or lend them to others.
红杉信托请惠誉国际与穆迪这两大信用评级机构为这次证券发行评级，但是红杉对穆迪的评估采取了“雪藏”，因为它不认同穆迪对发行可能产生风险的评估。
Redwood asked both Fitch and Moody's to provide ratings for the issue, but canned Moody's because it disagreed with the agency's assessment of the risks involved in the issue.
而别的一些机构，如银行的证券部门，则依靠其更为强大的母公司来赢得业务。
But others, such as the securities arms of the Banks, get deals because of their more powerful parents.
这离不开信用评级机构的“宽容”：证券评级业务让它们获利颇丰。
They could do this only with the blessing of credit-ratings agencies, which made a profitable business out of rating these securities.
证券登记结算机构应根据本管理办法制定相应规定。
The securities registration and clearing institutions shall, in accordance with the related measures, formulate the corresponding provisions.
证券登记结算机构以风险基金赔偿后，应当向有关责任人追偿。
After paying compensations from its risk fund, the relevant securities registration and settlement organization shall seek compensations from those who are responsible for the losses.
其中有些银行，如中国国际金融有限公司，经验丰富。而别的一些机构，如银行的证券部门，则依靠其更为强大的母公司来赢得业务。
Some, such as CICC, are experienced players.But others, such as the securities arms of the Banks, get deals because of their more powerful parents.
第一百五十二条证券登记结算机构应当采取下列措施保证业务的正常进行。
Article 152. Securities registration and settlement organizations shall take the following measures to ensure that their operations will proceed normally.
第一百四十八条证券登记结算机构履行下列职能。
Article 148. Securities registration and settlement organizations are to execute the following functions.
证券登记结算机构的名称中应当标明证券登记结算字样。
The names of securities registration and settlement organizations shall include "securities registration and settlement."
6月22日新股申购开始后十分钟内，本地中介机构耀才证券就被相当于1.29亿美元的申购单淹没。
Within 10 minutes of the June 22 opening of the subscription period for shares, one local brokerage, Bright Smart Securities, was swamped with the equivalent of $129 million in orders.
在本轮危机中，随着房价下跌，买入大量复杂抵押贷款相关证券的机构发现自己面临着巨额损失。
In this crisis, institutions that bought up buckets of complex mortgage-linked securities found themselves facing huge losses as house prices fell.
我们无法容忍他们现在的做法，但我们也不能缺少他们，因为评级机构评估证券风险的职能不可或缺。
We cannot live with their current practices, but nor can we live without them; their function - assessing the risk of securities - is indispensable.
一些人把愤怒投向了美国的金融监管机构——证券交易委员会，它未能发现此次诈骗案。
Some have directed their fury at the securities and exchange commission, the US financial watchdog, which failed to spot the fraud.
随后，美国证券监察机构开始对戴尔与收入确认或有关联的财务问题展开调查，戴尔因此大概必须就过去数年的利润重编报表。
Then America's securities watchdog began investigating Dell for accounting problems, probably relating to revenue recognition, and Dell may yet have to restate profits for the past few years.
随后，美国证券监察机构开始对戴尔与收入确认或有关联的财务问题展开调查，戴尔因此大概必须就过去数年的利润重编报表。
Then America's securities watchdog began investigating Dell for accounting problems, probably relating to revenue recognition, and Dell may yet have to restate profits for the past few years.
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