GWD-30-Q40

Investment banks often have conflicting roles.  They sometimes act for a client company by raising capital from other investment institutions as advantageously as possible, but their analysts also sometimes send unfavorable reports on the financial health of companies for whom they are raising capital to other clients who wish to make investments.  Analyses of companies’ financial health need to be unbiased if an investment bank is to achieve long-term success.

If the statements above are true, which of the following practices, if adopted by an investment bank, would hinder its long-term success?

1. Evaluating and rewarding the bank’s analysts on the basis of recommendations made by managers who are solely engaged in raising capital for clients

2. Using reports by the investment bank’s analysts to determine how best to raise capital for a client

3. Sharing the task of raising capital for a client with other investment banks

4. Ensuring that conflicts between analysts and those who raise capital for clients are carefully mediated and resolved by impartial arbitrators

5. Monitoring the success or failure of analysts’ current predictions about how companies will perform financially, in order to determine the value of future predictions

答案是A，这道题目看的我晕晕的，请问这个raising capital 是什么意思呢？

短期来看，投资银行帮企业融资（需融资的企业是客户，最好打高分才能帮企业融到更多的钱），又要帮投资人评估待融资企业的财务状况（投资人是客户，尽量分析出企业的风险，减少投资人的风险）

之后就很清楚了

直译：

投资银行经常面临具有冲突的角色，他们一方面为客户尽可能的从其他投资机构募集资本，然而他们的分析师经常向其他想要投资的客户提交关于要融资的公司的不尽如人意的财务报告。如果一家投资银行想要获得长久的成功，它所提交的财务报告必须毫无偏差。

我理解的意思：

投行总是面临着两难的境地，一方面他们要为客户融资（美化财务报表进行包装），一方面他们又不得不给其他要投资的客户客观的投资标的财务分析（如果客观的话一般都是不尽入人意）。如果投行要长期成功，必须给出客观公正毫无偏差的财务分析报告。

A的意思评估采纳那些只顾着搞融资的人作出的建议（只顾着搞融资的人不顾报告的客观性，会有偏差）

请问各位NN们。

如果遇到这种阅读很困难的题，很难在一分半到两分钟内完成，应该怎么做啊？

可否详细介绍一下这个原则？ thanks