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  3. Read the extract below from an article about Bankers’ bonuses.Choose the best s

Read the extract below from an article about Bankers’ bonuses.Choose the best s

游客2025-05-18  22
问题 Read the extract below from an article about Bankers’ bonuses.
Choose the best sentence from the list on the opposite page to fill each of the gaps.
For each gap(8-12), mark one letter(A-G)on your Answer Sheet.
Do not use any letter more than once.
There is an example at the beginning(0).
                         Bankers’ Bonuses
Lord Myners, the City minister, is allegedly worth ￡ 30m($47m). He is an unlikely tribune of the people.(0)G Derivatives traders are not footballers with unique talents and " should not be paid as though they are" , he said last month. More recently he has railed against " market failure" ; accusing big clients of investment banks of not challenging the fees and margins they are charged.【P1】______Lack of transparency makes them seem the more villainous. " The nation is angry about this. I’m angry," says Lord Myners.
【P2】______"We are not an incomes regulator," says Hector Sants, chief executive of the Financial Services Authority(FSA). The watchdog’s only sanction is to demand more regulatory capital from those banks whose pay policies appear to be putting their firms at greater risk.
The Treasury could influence matters at RBS and Lloyds Banking Group, two big banks in which it has substantial shareholdings, but is reluctant to micromanage.【P3】______The government worries that any attack on bankers’pay could drive financiers offshore, depriving the exchequer of much revenue. City bonuses, which dropped from ￡ 10 billion in 2007 to ￡ 4 billion in 2008, could bounce back to ￡ 6 billion this year, says the Centre for Economic and Business Research(CEBR), a consultancy.
They mirror the health of a financial-services sector that in the good times brought in up to ￡ 67 billion in annual tax revenues, estimates PwC, an accounling firm. This fiscal year the figure could drop to ￡ 30 billion, says Douglas McWilliams at the CEBR, although banks’recently buoyant business may increase it.【P4】______So could the slightly softer option of preventing banks from offsetting past losses against future tax bills.
The reluctance to bash bankers’bonuses stems from recognition that wholesale finance is a global business. Bankers are highly mobile, says Marcus Agius, chairman of Barclays. He argues that banks in Britain must be free to pay as much as those elsewhere, but says he is "agnostic" about what that level should be. National and international proposals to reform pay at regulated financial firms are similarly agnostic. They mostly do not spell out how much public disclosure there should be of big pay packages, other than those for board members.【P5】______It requires a detailed breakdown of the remuneration of "employees whose actions have a material impact on the risk exposure of the firm". Yet that measure is unlikely to be implemented, even though the big British banks and the London-based operations of global investment banks have agreed to it.
The FSA, for its part, is not bothered about public disclosure as long as it has the information itself. Sir David Walker, a former central banker charged with an official review of bank-governance practices, has suggested that bands of remuneration for heavy hitters outside the boardroom be disclosed. It seems that banks, in the absence of much more than appeals to their better nature, will be setting their own benchmarks as and when they please. Barclays began a review of its remuneration policies in 2008. It remains unfinished.
Example:
A But such attempts at moral suasion are not working, and those in authority seem reluctant to do more.
B A windfall tax on profits, discussed by both government and opposition, might put any recovery at risk.
C The opportunity to take an equity position at a bargain price has been missed.
D The crisis does not seem to have affected the way bankers are rewarded.
E An exception is the communique from the Group of 20(G20)big countries in September
F There was not a murmur when RBS hired a head trader for a rumoured ￡ 7m in total.
G Yet, he has been sounding off more vociferously than his colleagues about "unacceptable" pay deals for bankers. [br] 【P4】
选项
答案 B
解析 空白处后一句“So could the slightly softeroption of preventing banks from offsetting pastlosses against future tax bills．”表明前面句子中所提到的某一现象可以阻止银行用未来的税单抵消以往亏损的这种很容易套利的行为。选项B是正确答案。其中“So could…”表示“也一样起作用”，此处应是顺接关系。
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